Obtain Nestls 2017 annual report using the Investor Relations portion of its website (do a web search
Question:
Obtain Nestlé’s 2017 annual report using the “Investor Relations” portion of its website (do a web search for Nestlé investor relations).
Required:
1. What was the total income tax expense relating to profit before taxes, associates and joint ventures for 2017? How much of this was current? How much was deferred?
2. What is the amount of Nestlé’s 2017 permanent differences? How does Nestlé refer to permanent differences in its reconciliation of taxes?
3. What is the net amount of Nestlé’s deferred tax assets and liabilities at December 31,
2017? What are the three largest causes of temporary differences for Nestlé?
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Step by Step Answer:
1 Nestl reports CHF Swiss Franc 2779 million income tax expense in its consolidat...View the full answer
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Related Book For 
Intermediate Accounting Reporting and Analysis
ISBN: 978-1337788281
3rd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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