As in U - provides general guidelines for the reporting of...

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As in U.S. GAAP, the income statement is a required statement for iGAAP. In addition, the content and presentation of an iGAAP income statement is similar to the one used for U.S. GAAP. IAS 1,  “Presentation of Financial Statements,”
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Unformatted text preview: provides general guidelines for the reporting of income statement information. Subsequently, a number of international standards have been issued that provide additional guidance to issues related to income statement presentation....
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