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Mr. Hamed of Baltimore Company is contemplating to invest Samsung, Inc., a Korean based company. He assigned you to gather all information pertaining to Samsung

Mr. Hamed of Baltimore Company is contemplating to invest Samsung, Inc., a Korean based company. He assigned you to gather all information pertaining to Samsung and to interpret the foreign currency financial statement. Initially, he asked you the following questions. What will be your responses?

(b) What will be the possible solutions? Does GAAP recommended some solutions to facilitate cross-country comparisons of financial information? If there is, discuss the steps. (10 marks)

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