3M Company The financial statements of 3M are presented in Appendix 5B or can be accessed on...

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3M Company The financial statements of 3M are presented in Appendix 5B or can be accessed on the Take Action! CD.

Instructions Refer to 3M’s financial statements and the accompanying notes to answer the following questions.

(a) Does 3M report any intangible assets, especially goodwill, in its 2001 financial statements and accompanying notes?

(b) How much research and development (R & D) cost was expensed by 3M in 2001 and 2000? What percentage of sales revenue and net income did 3M spend on R & D in 2001 and 2000?

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Intermediate Accounting

ISBN: 9780471448969

11th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Jul 18, 2024 10:14 AM

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3M Company The financial statements of 3M are presented in Appendix 5B or can be accessed on...

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Intermediate Accounting

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