in april 2023, jones inc., purchases picard industries, a french corporation that manufactures radio parts in france for sale within the EU market. pichard has no USA operations and prepares its financial statements using international stnadards. state brown allows unitary taxpayers to elect world-wide combined reporting state brown determines taxable income by making modifications to the taxpayer's federal taxable income. TRUE OR FALSE: assuming that jones inc., and pichard industries constitue a single unitary business and a worldwide filing election is made under state brown. pichard industries will be required among many things to convert its financial statements to comply with U.S. GAAP, convert its financial statement values from euros to us dollars