THE FOLLOWING TABLES PRESENT EXCERPTS FROM FINANCIAL STATEMENTS FO...

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The following tables present excerpts from financial statements for two merchandising companies following the format found in each of their annual reports. Company B Company A (¥ millions)(US$ millions)Assets AssetsNoncurrent assets 9,640 Current assets 4,333Current assets 2,096 Noncurrent assets 19,923Total assets 11,736 Total assets 24,256Which of the companies most likely prepares its financial statements in accordance with U.S. GAAP? A. Both companies B. Only Company A C. Only Company B