Prepare a reconciliation schedule to reconcile 2011 net income and December 31, 2011 stockholders%u2019 equity from a U.S. GAAP basis to IFRS.

  A. Harrington Company is a U.S.-based company that prepares its consoli- dated financial statements in accordance with U.S. GAAP. The company reported income in 2011 of $5,000,000 and stockholders%u2019 equity at December 31, 2011, of $40,000,000. The CFO of S. A. Harrington has learned that the U.S. Securities and Exchange Commission is considering requiring […]