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 is based on adjustments needed to compare international companies within specific industries. This system adjusts for differences in accounting standards, currencies, and tax rates to enable a more accurate comparison of financial data across companies and countries within the same industry.

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