What is the basis for Morgan Stanley Dean Witter's "Apples to Apples" system for financial statement analysis?
A)Adjustments needed to compare companies within a single country
B)Adjustments needed to compare international companies within specific industries
C)Adjustments needed to compare companies in specific countries to U.S.companies
D)Adjustments needed to compare the performance of international brokerage firms

Question

Quizplus · Accepted Answer

Morgan Stanley Dean Witter's "Apples to Apples" system for financial statement analysis was designed to make adjustments needed to compare international companies within specific industries. This system allows for more accurate financial comparisons by accounting for differences in accounting standards, currency exchange rates, and other factors that can impact financial statements across borders.

What Is the Basis for Morgan Stanley Dean Witter's "Apples