Honda Motor Company converted from U. S. GAAP to IFRS at the beginning of fiscal year 2015. At that time, Honda began capitalizing new development costs. It also applied capitalization rules of IAS 38 retroactively, recognizing development cost assets and amortization expenses as though it had capitalized these costs in earlier periods. Honda's 2017 annual report included the following information on research and development costs incurred during the three fiscal years after the conversion to IFRS.2015
2016
2017

Research and development expenditures incurred during the reporting period

¥670,331

¥719,810

¥659,918

Amount capitalized

(188,107)

(190,992)

(121,037)

Amortization of capitalized development costs

123,938

127,684

152,548

Total

¥606,162

¥656,502

¥691,429

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If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.