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Unformatted text preview: because their net income was less due to this. Case 2 b.) Cadburys financial statements are in sterling pounds which are used in the United Kingdom. c.) Deloitte & Touche LLP in London signed Cadburys audit opinion. d.) They are filed in accordance with the International Financial Reporting Standards (IFRSs) e.) They present their non-current assets prior to their current assets and also provide the previous years balances to compare. f.) Debit bad debt expense Credit allowance for doubtful accounts Debit sales Credit accounts receivable...
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This note was uploaded on 11/29/2010 for the course ACC 331 taught by Professor Dr.lee during the Fall '10 term at Jefferson College.
- Fall '10