Consider the following countries: (1) Belgium,

(2) China, (3) the Czech Republic, (4) Gambia,

(5) India, (6) Mexico, (7) Senegal, and

(8) Taiwan.

Required: Where would they be classified based on legal system? Where would they be classified based on accounting practice systems?

Justify your answers. (Hint: Web sites with information on countries of the world include the Encyclopaedia Britannica Online

(www.eb.com) and The World Factbook (www.

cia.gov/ library/publications/the-world-factbook).)