What is the advantage of Morgan Stanley Dean Witter's "Apples to Apples" approach to comparing international financial statement data?
A)It provides complete conversion of foreign financial statements to U.S.GAAP, which may not be available from the reporting entities themselves.
B)It focuses only on the industry-specific factors MSDW believes are most important to stock valuation, which eliminates the need for converting complete financial statements.
C)It is not affected by differences in GAAP across countries.
D)The same measures are used for all industries in all countries, which eliminate comparability issues.

Question

Quizplus · Accepted Answer

The "Apples to Apples" approach focuses on industry-specific factors deemed most important for stock valuation, thus avoiding the need for full conversion of financial statements to U.S. GAAP.

What Is the Advantage of Morgan Stanley Dean Witter's "Apples