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Unformatted text preview: at FIFO would have been $554 and $485 higher than reported at year-and 2006 and 2005, respectively. Also, assume that DuPonts 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 DuPonts 2006 balance sheet? Ignore income tax effect. Question 3 Coca-Cola Hellenic Coca-Cola Hellenics financial statements, prepared in accordance with IFRS, may be found starting on page 83 of the supplement. Recompute CCHs 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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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