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Use notes to financial statements to describe two accounting policies that differ significantly between the U.S. firm(United...

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Accounting

Use notes to financial statements to describe two accountingpolicies that differ significantly between the U.S.firm(United Continental Holdings, Inc. and SubsidiaryCompanies) and the foreign firm(China EasternAirlines Corporation Limited). For each accounting policy,do the differences make IFRS net income higher than, lower than,the same as, or no effect compared to US GAAP net income?

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The two accounting policies that differ in United continental holdings Inc are Estimates Reclassification This requires the management to make estimates and assumptions which affects the amount and the calculation using    See Answer
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Use notes to financial statements to describe two accountingpolicies that differ significantly between the U.S.firm(United Continental Holdings, Inc. and SubsidiaryCompanies) and the foreign firm(China EasternAirlines Corporation Limited). For each accounting policy,do the differences make IFRS net income higher than, lower than,the same as, or no effect compared to US GAAP net income?

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