Obtain Nestle's 2010 annual report using the ''Investor Relations'' portion of its website (do a web search

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Obtain Nestle´'s 2010 annual report using the ''Investor Relations'' portion of its website (do a web search for Nestle investor relations).
Required:
1. What is the value of Nestle´'s financial assets at December 31, 2010?
2. What was the carrying value of Nestle´'s financial assets classified as held-for-trading?
Describe the accounting for these assets.
3. What was the carrying value of Nestle´'s financial assets classified as available-for-sale?
Describe the accounting for these assets.
4. Does Nestle´ use the fair value option for any of its investments?
5. What are associates? How much has Nestle´ invested in these associates and how does it account for this investment group?
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Intermediate Accounting Reporting and Analysis

ISBN: 978-1111822361

1st edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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