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Do Nestle's Balance Sheet and Income Statement conform to requirements of !AS l? Did Nestle use a single statement or a two separate statements option

  1. Do Nestle's Balance Sheet and Income Statement conform to requirements of !AS l?
  2. Did Nestle use a single statement or a two separate statements option for its statement ofcomprehensive income?
  3. Why would trade and receivables appear under both current assets and non-current assets? Similarly, why would trade and other payables, provisions, and taxation liabilities appear on both current and non-current liabilities?
  4. /AS I does not require three years of Income Statement information. Why do you think Nestle would go beyond the requirements of an accounting standard?

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