Nestles financial statements are presented in Appendix B. Financial statements of Zetar are presented in Appendix C.
Question:
Nestles financial statements are presented in Appendix B. Financial statements of Zetar are presented in Appendix C. Complete annual reports, including notes to the financial statements, are available in the Investor Relations sections at www.nestle.com and www.zetarplc.com.
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 Nestles financial statements is labeled “consolidated.” What has been consolidated? That is, from the contents of Nestles annual report, identify by name the divisions that have been consolidated.
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...
Step by Step Answer:
Financial Accounting IFRS
ISBN: 978-1118285909
2nd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso