Revenue Recognition Accounting Policy
Kraft Foods Inc. recognizes revenues when title and risk of loss pass to customers, which generally occurs upon shipment or delivery of goods. Revenues are recorded net of consumer incentives and trade promotions and include all shipping and handling charges billed to customers. Kraft Foods Inc.'s shipping and handling costs are classified as part of cost of sales. A provision for product returns and allowances for bad debts is also recorded as reductions to revenues within the same period that the revenue is recognized.
Source: Kraft Foods Inc., Annual Report
Revenues as Reported
You have visited 10 password protected pages for free. Others contain data covered by 
.
Sign Up Now to get full access to whole website and cut out all advertisements.
Kraft Foods Inc., Income Statement, Revenues
Source: Kraft Foods Inc. Annual Reports
| Item |
Description |
The company |
| Net revenues |
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. |
Kraft Foods Inc.'s net revenues increased from 2009 to 2010 and from 2010 to 2011.
|
