1.11 Access the website of GlaxoSmithKline (www.gsk.com) to explain the differences disclosed in its annual reports between...

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1.11 Access the website of GlaxoSmithKline (www.gsk.com) to explain the differences disclosed in its annual reports between US GAAP and IFRS and UK GAAP from 2004 onwards. Could these differences (summarized in Tables 1.1 and 1.2) have been smaller if the company had made other choices of options available within IFRS and UK GAAP? Are the size of the differences influenced by the fact that GSK is a pharmaceutical company?

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