In Order to Compare the Financial Statements of Toyota Corporation

question 78

Multiple Choice

In order to compare the financial statements of Toyota Corporation to the financial statements of General Motors,it would be preferable to use:

• A)U.S.Generally Accepted Accounting Principles for General Motors and International Financial Reporting Standards for Toyota.
• B)U.S.Generally Accepted Accounting Principles for both companies.
• C)International Financial Reporting Standards for both companies.
• D)U.S.Generally Accepted Accounting Principles for Toyota Corporation and International Financial Reporting Standards for General Motors.