Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4) From 2021 annual report: 1. Determine the total amount of non-controlling interest in 2020 and 2021 2. State in which statement it is disclosed

4) From 2021 annual report: 1. Determine the total amount of non-controlling interest in 2020 and 2021 2. State in which statement it is disclosed and in which section. 3. State the amount of controlling interest share and non-controlling interest share in Nestl Companys profit and dividends for 2020 and 2021 4. Nestl Company prepared its consolidated financial statements in accordance with the International Financial Reporting Standards (IFRS), as mentioned in its annual report. Assuming that it was not mentioned in the annual report that the company is following IFRS; provide evidence from annual report (related to course subjects studied) that indicate that the company is following IFRS and not following GAAP? 5. State the amounts of impairment losses of goodwill and intangible assets in 2021. 6. Which cash generating unit suffered an impairment loss related to goodwill in 2021? 7. What were the underlying business reasons that required Nestl to record a goodwill impairment in 2021 and what are the implications of that on Nestl Company? 8. How did Nestl reflect the goodwill impairment in its income statement and cash flow statement? 9. Which method did Nestl use in preparing its cash flow statement? Provide a proof for your answer from the annual report

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions