Recast the two selected financial statements and present the statements following/in accordance with the US GAAP or IFRS, depending upon the Option Choice which you choose, presentation-wise, as accurately as you can. (You do not need to restate any of the financial results for Ford or MB in this process--just work with the financial statement and results as presented.) Option #1: Daimler Benz Below is the Daimler Benz (MB)'s 2019 Annual Report prepared under IFRS: Daimler 2019 Annual ReportLinks to an external site. Pick any two of the financial statements: the consolidated balance sheet (statement of financial position), the consolidated income statement (statement of income or statement of comprehensive income), or the statement of cash flows for MB. Recast the two selected financial statements and present the statements following/in accordance with the US GAAP, presentation-wise, as accurately as you can (you do not need to restate any of the results for MB in this process just work with the results as presented). The recasted financial statements should be an Exhibit or Appendix to your paper. Describe in an appropriate level of detail the differences that resulted when you recasted your chosen financial statements from the IFRS to US GAAP, supported with references from the readings in this module or outside references, where appropriate.

Condensed Statement of Cash Flows	December 31st, 2019	December 31st, 2018
In millions of Euros
Cash and Cash Equivalents at beginning of period	15853	12072
Profit before Income Taxes	3830	10595
Depreciation and amortization/impairments	7751	6305
Other non-cash expenses and income and gains/losses on disposals of assets	-737	-1050
Change in operating Assets and Liabilities
Inventories	99	-3850
Trade Receivables	-346	-884
Trade Payables	-1625	1694
Receivables from financial services	-4464	-10257
Vehicles on operating leases	-1156	-1609
Other operating assets and liabilities	5641	877
Dividends received from equity-method investments	1202	1380
Income Taxes Paid	-2107	-2858
Cash Used for/provided by operating activities	7888	343
Additions to property, plant, and equipment and intangible assets	-10835	-10701
Investments in and disposals of shareholdings	-1225	-417
Acquisition and sales of marketable debt securities and similar investments	1054	471
Other	399	726
Cash used for investing activities	-10607	-9921
Change in financing liabilities	9404	17456
Dividends paid	-3740	-4220
Other transactions with shareholders	-36	-10
Internal Equity and financing transactions	0	0
Cash used for/provided by financing activities	5628	13226
Effect of foreign exchange rate changes on cash and cash equivalents	121	133
Cash and cash equivalents at end of period	18883	15853

Condensed statement of financial position	December 31st, 2019	December 31st, 2018
In millions of euros
Assets
Intangible Assets	15978	14801
Property, plant and equipment	37143	30948
Equipment on operating lease	51482	49476
Receivables from financial services	103661	96740
Equity-method investments	5949	4860
Inventories	29757	29489
Trade Receivables	12332	12586
Cash and cash equivalents	18883	15853
Marketable debt securities and similar investments	8655	9577
Thereof current	7885	8855
Thereof non-current	770	722
Other financial assets	6083	5733
Other assets	12515	11025
Assets held for sale	0	531
Total Assets	302438	281619
Equity and Liabilities
Equity	62841	66053
Provisions	30652	22955
Financing liabilities	161780	144902
Thereof current	62601	56240
Thereof non-current	99179	88662
Trade Payables	12707	14185
Other financial liabilities	9864	10032
Contract and refund liabilities	13631	12519
Other liabilities	10963	10761
Liabilities held for sale	0	212
Total Equities and Liabilities	302438	281619