Why does an adjustment to reconcile item to us gaap

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Question: A foreign company did not capitalize any interest in the current or past years, although such capitalization is required under U.S. GAAP. Why does an adjustment to reconcile this item to U.S. GAAP affect assets, expenses, and beginning retained earnings?

Reference no: EM131705553

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Why does an adjustment to reconcile item to us gaap : A foreign company did not capitalize any interest in the current or past years, although such capitalization is required under U.S. GAAP.
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