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China Petroleum and Chemical Corporation (CPCC) is an oil and gas company based in Beijing, China. Read the case on pages 329-336 of your book,
China Petroleum and Chemical Corporation (CPCC) is an oil and gas company based in Beijing, China. Read the case on pages 329-336 of your book, which goes into detail about how CPCC "provides a reconciliation of income and stockholders' equity from Chinese GAAP to IFRS." Meanwhile, for North American shareholders, "the company also provides a reconciliation of net income and stockholders' equity from IFRS to U.S. GAAP" Once you have read the case in its entirety, create an initial post that addresses the following: 1. What do you believe to be the key differences in CPCC's results between: o PRC GAAP and IFRS? o IFRS and U.S. GAAP
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