Obtain Nestls 2017 annual report using the Investor Relations portion of its web site (do a Web
Question:
Obtain Nestlé’s 2017 annual report using the “Investor Relations” portion of its web site (do a Web search for Nestlé investor relations).
Required:
1. With regard to Nestlé’s cash and cash equivalents:
a. What amount did Nestlé report as cash and cash equivalents at the end of 2017?
b. What types of items did Nestlé 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 Nestlé believe is uncollectible?
3. What method does Nestlé use to estimate its allowance for doubtful accounts? Is this method allowable by U.S. GAAP? its allowance for doubtful accounts? Is this method allowable by GAAP?
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
Step by Step Answer:
1 a Nestl reported 7938 million CHF Swiss francs at December 31 2017 b Nestl reported the ...View the full answer
Intermediate Accounting Reporting and Analysis
ISBN: 978-1337788281
3rd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
