Unformatted text preview: at FIFO would have been $554 and $485 higher than reported at year-and 2006 and 2005, respectively. Also, assume that DuPont’s R&D expense for 2006 included $143 of development expense related to projects that were expected to result in saleable products. b. What affect would the foregoing adjustments have on DuPont’s 2006 balance sheet? Ignore income tax effect. Question 3 – Coca-Cola Hellenic Coca-Cola Hellenic’s financial statements, prepared in accordance with IFRS, may be found starting on page 83 of the supplement. Recompute CCH’s “Gross profit” for 2007 using U.S. GAAP, assuming that CCH would value its inventories for U.S. reporting using LIFO. Inventories valued at FIFO were 98.1 and 72.4 higher than LIFO at year-and 2007 and 2006, respectively....
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- Spring '07
- Balance Sheet, Generally Accepted Accounting Principles, U.S. GAAP, Recompute DuPont