The financial statements of Louis Vuitton are presented in Appendix F. Instructions for accessing and using the

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The financial statements of Louis Vuitton are presented in Appendix F. Instructions for accessing and using the company’s complete annual report, including the notes to its financial statements, are also provided in Appendix F. LO11 Instructions Use the company’s annual report to answer the following questions.

(a) In which section (operating, investing, or financing) does Louis Vuitton report interest paid (finance costs)?

(b) In which section (operating, investing, or financing) does Louis Vuitton report dividends received?

(c) If Louis Vuitton reported under GAAP rather than IFRS, how would its treatment of bank overdrafts differ?

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Financial Accounting

ISBN: 9781118953907

8th Edition

Authors: Paul D Kimmel, Jerry J Weygandt, Donald E Kieso

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