Air France-KLM Cas IFRS LO18-9 Air France-KLM (AF), a Franco-Dutch company, prepares its financial statements according to International Financial Reporting Standards. AF's financial statements and disclosure notes for the year ended December 31, 2015, are available in Connect. This material is also available under the Finance link at the company's website (www.airfranceklm.com). Required: 1. AF lists four items in the shareholders' equity section of its balance sheet. If AF used U.S. GAAP, what would be the 2-Locate Note 29.5 in AF's financial statements. what items comprise "Reserves and retained earnings" as reported in 3. Describe the apparent differences in the order of presentation of the components of liabilities and shareholders' equity likely account titles for the first and fourth of those components? the balance sheet? If AF used U.S. GAAP, what would be different for the reporting of these items? between IFRS as applied by AF and a typical balance sheet prepared in accordance with US. GAAP