(c) There are many reasons one would want to analyze financial statements of foreign companies. The most important reasons relate to making investment decisions, portfolio investments by individuals and mutual fund managers, and acquisition investments by multinational companies. But then there exist numerous problems that an analyst might encounter in analyzing foreign financial statements. Fortunately there are measures that a preparer company could implement in their financial reporting to reduce some of those problems leaving some other problems for the analyst him/herself to deal on his or her own. What are the problems faced by an analyst which a preparer company can help reducing? And which problems that an analyst has to cope as much as possible on his or her own? (d) The efforts to classify accounting in the international arena have many benefits. What are these benefits? And there exist different attempts in accounting classification over the years including the early one by Mueller that took place in the late 1960s. Choose one example of accounting classification and describe what it is and why do you think the one you choose is worthy of consideration of those who want to understand the existence of the different types of accounting practices or systems found at the international level