Discuss the international financial reporting standards, Accounting Standards

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Discuss the international financial reporting standards

IFRS; reporting shareholders' equity

Response to the following problem:

Nestle S.A., the largest food and beverage company in the world, prepares its financial statements according to International Financial Reporting Standards. Its financial statements include ordinary share capital, translation reserve, and share premium. If Nestle used U.S. GAAP, what would be the likely account titles for these accounts?

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Accounting Standards: Discuss the international financial reporting standards

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