Question
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
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, 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 textbook.
Part A: Financial statements, Income Measurement, and Current assets
A1. What amount did AF report for the following items for the fiscal year ended December 31 2029
a. Total Revenues
b. Income from current operations
c.Net income or net loss
Total assets
Total equity
what was AF's basic earnings or loss per share for the year ended December 31, 2019
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