8-2

8-2 Data from recent financial statements of SUA, which follows U.S. GAAP, and MAY, a non-U.S. company following IFRS, appears below (all data in SU.S.): SUA Income Statement R&D expense Net income Balance Sheet R&D Assets Total Assets Statement of Cash Flows Cash flow from operations 20x0 $15,200 27,000 20x1 $16,500 29,000 20x2 $18,100 32,000 200,000 210,000 14,000 MAY 225,000 13,000 16,000 Income Statement R&D expense Net income 20x0 $29,500 48,600 20x1 $32,400 52,200 20x2 $35,600 57,600 Balance Sheet R&D Assets Total Assets 28,800 330,000 31,500 346,000 34,600 370,000 Statement of Cash Flows Cash flow from operations 25,000 27,000 31,000 8-2 Data from recent financial statements of SUA, which follows U.S. GAAP, and MAY, a non-U.S. company following IFRS, appears below (all data in SU.S.): SUA Income Statement R&D expense Net income Balance Sheet R&D Assets Total Assets Statement of Cash Flows Cash flow from operations 20x0 $15,200 27,000 20x1 $16,500 29,000 20x2 $18,100 32,000 200,000 210,000 14,000 MAY 225,000 13,000 16,000 Income Statement R&D expense Net income 20x0 $29,500 48,600 20x1 $32,400 52,200 20x2 $35,600 57,600 Balance Sheet R&D Assets Total Assets 28,800 330,000 31,500 346,000 34,600 370,000 Statement of Cash Flows Cash flow from operations 25,000 27,000 31,000