Nestlé's financial statements are presented in Appendix B. Financial statements of Petra Foods are presented in Appendix
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Instructions
(a) Based on the information contained in these financial statements, determine the following for each company.
(1) Net cash provided (used) for investing (investment) activities for the current year (from the statement of cash flows).
(2) Cash used for capital expenditures during the current year.
(b) Each of Nestlé's financial statements is labeled "consolidated." What has been consolidated? That is, from the contents of Nestlé's annual report, identify by name the divisions that have been consolidated.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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