An analyst is comparing a US GAAP firm and an IFRS Firm. The analyst is least likely required to do which of the following to facilitate the comparison?
1) Add the LIFO reserve to inventory for a US firm that uses LIFO.
2) Adjust the values of assets reported using the revaluation model.
3) Adjust the income statement of one of the firms if both have significant unrealized gains or losses from changes in FV of trading securities.