Question

Obtain Nestle's 2012 annual report using the "Investor Relations" portion of its web site (do a Web search for Nestle invests 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 2012?
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 receivable 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?


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  • CreatedOctober 05, 2015
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