Nestl 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 Nestl used U S GAAP, what would be the likely...

If Nestle used US GAAP Ordinary share cap ...

Nestl S.A., the largest food and beverage company in the world, prepares its financial statements according to

Question:

Nestlé S.A., the largest food and beverage company in the world, prepares its according to International Financial Reporting Standards. Its 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?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...