Instructions(a) Identify advantages and disadvantages that companies should cons

Instructions(a) Identify advantages and disadvantages that companies should consider when switching to U.S. reporting standards.(b) Suppose you compare Doman Industries to a U.S.-based competitor. Do you believe the use of country-specific accounting policies would hinder your ability to compare the companies? If so explain how.(c) Suppose you compare Doman Industries to a Canadian-based competitor. If the companies apply generally acceptable Canadian accounting policies differently how could this affect your ability to compare their financial results?(d) Do you see any significant distinction between comparing statements prepared using generally accepted accounting principles of different countries and comparing statements prepared using generally accepted accounting principles of the same country (e.g. U.S.) but that apply the principles differently?