Obtain Nestlé’s 2017 annual report using the “Investor Relations” portion of its web site (do a Web search for Nestlé investor relations).
Required:
1. With regard to Nestlé’s cash and cash equivalents:
a. What amount did Nestlé report as cash and cash equivalents at the end of 2017?
b. What types of items did Nestlé report as cash equivalents?
c. Does the classification of cash equivalents differ between IFRS and U.S. GAAP?
2. What amount of its does Nestlé believe is uncollectible?
3. What method does Nestlé use to estimate its allowance for doubtful accounts? Is this method allowable by U.S. GAAP? its allowance for doubtful accounts? Is this method allowable by GAAP?
