Cadbury Schweppes, Plc., a U.K. company, is an international confectionery and beverage business that sells its products

Question:

Cadbury Schweppes, Plc., a U.K. company, is an international confectionery and beverage business that sells its products in almost every country in the world. The company prepares its according to IFRS.

Required:
How does the company account for research and development expenditures? Does this policy differ from U.S. GAAP?

Financial Statements
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