Suppose firm A treats its investment in Google as held-for-trading and firm B treats the same investment as available-for-sale. Under U.S. GAAP, an analyst comparing the two firms would most likely be making adjustment on their:

	Cash flow statement
	Income statement
	Balance sheet

Which of the following most likely indicate manipulation of comprehensive income under IFRS?

	Choosing revaluation model for buildings when the real estate market is going up
	Switching from LIFO to FIFO for inventory when cost is rising
	Reclassifying bond investments from available-for-sale to held-for-trading when the bond market is going up