Below is the income statement for a British company, Avon Rubber plc. Avon prepares its financial statements in accordance with IFRS.

                                

Instructions
  (a) Review the Avon Rubber income statement and identify at least three differences between the IFRS income statement and an income statement of a U.S. company as presented in the chapter.
  (b) Identify any irregular items reported by Avon Rubber. Is the reporting of these irregular items in Avon’s income statement similar to reporting of these items in U.S. companies’ income statements Explain.