Nestls financial statements are presented in Appendix B. Financial statements of Delfi Limited are presented in Appendix
Question:
Nestlé’s financial statements are presented in Appendix B. Financial statements of Delfi Limited are presented in Appendix C.
Instructions
Based on information contained in these financial statements, determine the following for each company.
a. Net increase (decrease) in property, plant, and equipment (net) for the most recent fiscal year shown.
b. Increase (decrease) in marketing and administration expenses (Nestlé) and increase (decrease) in selling, distribution, and administrative expenses (Delfi) for the most recent fiscal year shown.
c. Increase (decrease) in non-current liabilities for the most recent fiscal year shown.
d. Increase (decrease) in profit for the most recent fiscal year shown.
e. Increase (decrease) in cash and cash equivalents for the most recent fiscal year shown.
Financial StatementsFinancial 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:
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt