Sgaap partial example retained earnings statement

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Unformatted text preview: gher and the beginning balance in pension liability is 100 units higher. These costs are accounted for as SG&A expense. Cash realized of 20 units during the current year is considered a deferred liability under U.S. GAAP and is other income under local GAAP. Restating Foreign Financial Statements to Restating Foreign Financial Statements to U.S. GAAP Partial example -- Income statement Local Local U.S. Format Sales Cost of sales Gross profit S,G,&A expense Other income Net Income GAAP GAAP 2,000 1,100...
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