Question

The following balance sheet (prepared according to IFRS) was taken from the 2012 annual report of GlaxoSmithKline, a British pharmaceutical company (British pounds in millions).


Approved by the Board on 5 March 2013
Sir Christopher Gent
Chairman

REQUIRED:
Identify where the format of this balance sheet differs from that required under U.S. GAAP, and prepare a balance sheet as close as possible in accordance with U.S.GAAP.


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  • CreatedAugust 19, 2014
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