Posted: June 15th, 2022
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must consist of the following: TOPIC: Philips (Europe) Please write an introduction and than the following body for the essay portion, you do not need to write a conclusion but add in the reference page. 1) A description of the company (Note: for this part of the project use information the most current information available to you): i. Its major products ii. Its geographic presence iii. Identify major US competitors. iv. Describe broadly the world market shares in this industry. Is this industry an “IFRS dominant” industry or do most major companies use U.S. GAAP or other GAAPs? v. In light of your answer to the previous question, do you think that a U.S. company in this industry will achieve significant comparability of its financial statements if it switches to IFRS
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