Indicate by letter whether each of the terms or phrases listed below is more associated with financial statements prepared in accordance with U.S. GAAP (U) or International Financial Reporting Standards (I).

Transcribed Image Text:

Terms and phrases 1. Common stock 2. Preference shares 3. Liabilities often listed before equity in the balance sheet (statement of financial position) 4. Asset revaluation reserve 5. Accumulated other comprehensive income 6. Share premium 7. Equity often listed before liabilities in the balance sheet (statement of financial position) 8. Translation reserve 9. Ordinary shares 10. Paid-in capital-excess of par 11. Net gains (losses) on investments-AOCI 12. Investment revaluation reserve 13. Preferred stock