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    Analyze financial statements for Dole and Nestle

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    Refer to the latest annual financial statements or quarterly reports for the two following companies: Dole and Nestle. Generally, this information is found in the Investor Relations area of the website.

    Locate the following on each of the statements:

    The Balance Sheet;

    The Income Statement; and

    The Statement of Cash Flows.

    Comment on and explain some of the differences between the two companies' financial statements. What accounting conventions do the two companies follow?

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    Solution Preview

    ** Please see attached file for more detailed answers. **

    The attachments below present the balance sheet, income statement and statement of cash flows for Dole Company Inc. for the year ended January 2, 2010 and for Nestle S.A. for the year ended December 31, 2009.
    One of the most important differences of these two sets of financial statements is that Dole's are stated in US dollars while Nestle is ...

    Solution Summary

    The expert analyzes financial statements for Dole and Nestle.