Burton Ltd. operates in both Canada and the United States. The company wants to improve the qualitative characteristics of its financial statements. Which of the following would most likely improve the comparability of Burtons financial statements?
A. the restatement of its financial statements from Canadian GAAP to US GAAP for its American investors
B. the preparation of monthly financial statements
C. the introduction of a policy that specifies how Sunburys capital assets should be depreciated
D. the use of U.S.-trained accountants
Answer:A
Burton Ltd. operates in both Canada and the United States. The company wants to improve the qualitative characteristics of its financial statements. Which of the following would most likely improve the comparability of Burtons financial statements?
A. the restatement of its financial statements from Canadian GAAP to US GAAP for its American investors B. the preparation of monthly financial statements C. the introduction of a policy that specifies how Sunburys capital assets should be depreciated D. the use of U.S.-trained accountants