presented below is the balance sheet for tomkins plc a british company instructions 1574549

Presented below is the balance sheet for Tomkins plc, a British company.

Instructions

(a) Identify at least three differences in balance sheet reporting between British and U.S. firms, as shown in Tomkins’ balance sheet.

(b) Review Tomkins’ balance sheet and identify how the format of this financial statement provides useful information, as illustrated in the chapter.