Review the consolidated income statement , expenses analyzed by nature (Exhibit 4-13). Comment on similarities and differences

Question:

Review the , expenses analyzed by nature (Exhibit 4-13). Comment on similarities and differences to the U.S. income statement.

Consolidated Income Statement
When talking about the group financial statements the consolidated financial statements include Consolidated Income Statement that a parent must prepare among other sets of consolidated financial statements. Consolidated Income statement that is... 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...