Question: Reporting requirements for contingent liabilities under IFRS differ somewhat from those under U.S. GAAP. Required: For each of the following, access the online version of

Reporting requirements for under IFRS differ somewhat from those under U.S. GAAP.

Required:
For each of the following, access the online version of the indicated financial report and answer the question. Also compare reporting under IFRS to similar reporting under U.S. GAAP.
1. SUBSEA 7 S.A. (Form 20-F, filed 3/2/2011): When there is a continuous range of possible outcomes, with each point in the range as likely as any other, what amount is accrued as the estimate of the obligation?
2. B Communications LTD (Form 20-F, filed 6/30/2011): With respect to legal claims, at what probability level would B Communications accrue a liability for a possible litigation loss?
3. Nestle (form 20-F, Filed 7/20/2011): What measurement attribute (e.g., historical cost, fair value) is used to measure acquired in a business combination?

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