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Unformatted text preview: 3. Who were its auditors? What standards did they follow? 4. In what currency are amounts expressed? 5. Recast the balance sheet for year-end 2007 following the format used under U.S. GAAP and taking into account measurement differences for R&D and inventories. Do not attempt currency translations. Use only major captions, except do show the detail for current assets. Assume that under U.S. GAAP Nokia would value inventories using LIFO, which at year-end 2007 was 250 less than the valuation using FIFO. Show all your work....
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This note was uploaded on 09/09/2009 for the course ECON 118 taught by Professor Loster during the Spring '07 term at UCSB.
- Spring '07