Solved: Its financial statements include ordinary share capital, Accounting Basics

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Its financial statements include ordinary share capital

1. Nestlé 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 Nestlé used U.S. GAAP, what would be the likely account titles for these accounts?

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Accounting Basics: Its financial statements include ordinary share capital

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