creased by S2B2 million in 2013. PROBLEM 11-2 IFRS Income Statement and Terminology Differences La2 The first two lines of Unilever Group's 2013 consolidated income statement (using IFRS) report the following amounts (in millions of euros): Income Statement Continuing Operations 2013 2012 Turnover 49.797 51,324 Operating profit 7,517 6,972 Footnotes la footnote 3, the following is disclosed: Turnover 49,797 51.324 Cost of sales 29.245 30.703 Gross profit 20,552 20,621 Selling and administration expenses 13.035 13,644 Operating profit 6,977 7517 Required: A. On the income statement, the first two lines in Unilever's income statement are turnover and operating profit. What does the term turnover mean? Which costs are typically reported between turnover and operat- ing profit? B. How useful is Unilever's income statement presentation considering that this information about expenses is disclosed in footnote 3 rather than being reported on the face of the income statement? Problems 513 QUESTION 2 poi According to the book, In Search of Respect, by Bourgois, what are the various ways in which children in El Barrio are socialized from the beginning into an underground street culture? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TT T Arial 3 (12pt) T -15- Click Save and Submit toate and subrat. Chick Sand All Angers to see all ansters