Discontinued operations Selected financial information for Orascom Telecom Ho1din S.A.E. (Orascom), an Egyptian telecommunications firm, is shown

Question:

Discontinued operations Selected financial information for Orascom Telecom Ho1din S.A.E. (Orascom), an Egyptian telecommunications firm, is shown in the following display for the years ended December 31, 2007 and 2006, based on Orascom's financial reports for fiscal 2007. Orascom applies Egyptian accounting standards and reports its results in thousands of Egyptian pounds (Â£). In answering this question, assume that Orascom us either U.S. GAAP or IFRS; for the purposes of this problem, this choice will not matter.

Compute the missing amounts for each of the twoyears.

Orascom Telecom Holding S.A.E. Balance Sheet and Income Statement Data December 31, 2006 and 2007 December 31 2007 2006

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...