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Air France -KLM (AF), a Franco-Dutch company, prepares its financial statements according to International Financial Reporting Standard (AF's financial statements and disclosure notes for the
Air France -KLM (AF), a Franco-Dutch company, prepares its financial statements according to International Financial Reporting Standard (AF's financial statements and disclosure notes for the year ended December 31, 2019, are available under the Financial link at the company's website (www.airfranceklm.com). This case addresses a variety of characteristics of financial statements prepared using IFRS, often comparing and contrasting those attributes of statements prepared under US. GAAP. Questions are grouped in parts according to various sections of the texbook. A1. what amount did AF report for the following items for the fiscal year ended December 31, 2019? a. total revenues b. Income from current operations c.Net income or net loss (group part) d. total assets e. total equity A2. What was AF's basic earning or loss per share for the year ended December 31, 2019
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