Moving to another question will save this response. estion 13 Which of the following statements is true about the comparability of financial statement of the United States and the United Kingdom? The result of Latin American colonialism is the large number of countries with the United Kingdom's influence on their accounting practices. "The financial statements of companies in the United States and the United Kingdom are comparable as they are prepared after adjusting inflation, which is a critical facta practice." The basic principle followed by both countries in preparing financial statements is government economics and government tax and legal framework. The accounting practices of both the countries are oriented toward the decision needs of a large number of investors and creditors