Nokia (www Nokia com) is a leading global manufacturer of mobile devices and services Required 1 Locate the notes to its December 31, 2009, financial statements at the companys Website, and read note 1 Accounting PrinciplesRevenue Recognition, first paragraph only When is revenue recognized by Noki...

1 Nokias Note 1 Accounting Principles Revenue Recognition reports that S ...

Nokia (www.Nokia.com) is a leading global manufacturer of mobile devices and services. Required 1. Locate the notes

Question:

Nokia (www.Nokia.com) is a leading global manufacturer of mobile devices and services.

Required
1. Locate the notes to its December 31, 2009, at the company’s Website, and read note 1 Accounting Principles—Revenue Recognition, first paragraph only. When is revenue recognized by Nokia?
2. Refer to Nokia’s financials in Appendix A. What is Nokia’s profit margin for the year ended December 31, 2009?

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...