Obtain Nestle´'s 2010 annual report using the ''Investor Relations'' portion of its website (do a web search for Nestle investor relations).
Required:
1. With regard to Nestle´'s cash and cash equivalents:
a. What amount did Nestle´ report as cash and cash equivalents at the end of 2010?
b. What types of items did Nestle´ report as cash equivalents?
c. Does the classification of cash equivalents differ between IFRS and U.S. GAAP?
2. What amount of its accounts receivables does Nestle´ believe is uncollectible?
3. What method does Nestle´ use to estimate its allowance for doubtful accounts? Is this method allowable by U.S. GAAP?