Chapter 1, Exercise 3
A)Explain how Acme Brush of Brazil’s pretax income (in BRL) became a U.S.-dollar pretax loss
B)Discuss whether Cooper Grant should be paid a bonus or not.
Chapter 1, Exercise 4
A)Determine the number of foreign companies listed on the NYSE and the number of countries they represent
B)Determine the five countries with the largest number of foreign companies listed on the NYSE
C)Speculate as to why non-U.S. companies have gone to the effort to have their shares listed on the NYSE
Chapter 1, Case 1-1
Discuss the various international accounting issues confronted by Besserbrau AG
Chapter 2, Exercise 7
A)Which is the greatest problem arising from worldwide accounting diversity?
Chapter 2, Exercise 8
A)Which factor do you believe represents the greatest impediment to the international convergence of accounting?
B)Which factor do you believe creates the smallest impediment to convergence?