1) What accounting policies does the company apply and what is the structure of the
financial statements? How do these compare and/or contrast with IAS 1 Presentation of
Financial Statements. Specifically, comment on tangible and intangible assets (34pts).
2) Does the company consolidate any entities in the financial statements? If yes identify
them and comment on the differences in reporting of single and consolidated entities.
3) Consider the basic rules of consolidated statements that were addressed in unit 3.
Identify and comment on their application in the above entity. (33 pts).
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