Question: 8. [Differences between U.S. GAAP and Interna- tional Accounting Standards-statement of cash flows] Roche provides cash flow statements based on International Accounting Standards. a. Identify

8. [Differences between U.S. GAAP and Interna- tional Accounting Standards-statement of cash flows] Roche provides cash flow statements based on International Accounting Standards.

a. Identify and discuss the major differences between the Inter- national Accounting Standards cash flow statement and the U.S. GAAP requirements (SFAS 95) for cash flow statements.

b. Convert Roche's International Accounting Standards-based cash flow statement to a U.S. GAAP-based cash flow state- ment using Pfizer's statement of cash flows as a guide.

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