Please give me question 8 answer

orate Financial Reports Across Borders 5-179 annual report from a foreign company that interests you and review ining its significant accounting policies. Discuss the main financial would be concerned about in comparing this company to a Ob note conta domestic company in the same industry re considerable differences in the timeliness and reliability of financial data across countries? How are these likely to affect financial statement 7. Are there sis of companies across countries? ope with accounting principles differences in several different ways. proach(es) Discuss at least two of these coping mechanisms and explain which ap you favor, and why Non-U.S. companies listed on U.S. stock exchanges are not required to base their financial statements on U.S. GAAP. However, some companies continue to provide reconciliation disclosures that quantify any material differences between their reported net income and what their net income would be under U.S. GAAP. What are the most frequently disclosed types of material differences? Is U.S. GAAP net income usually larger or smaller than net income as reported under home-country GAAP? Why? Other companies base their financial statements on IFRS. What are some of the significant differences likely to be? 10. Explain how environmental differences can influence ratio computations in Japan and Korea. How do these environmental differences complicate cross-border analysis? I. There are certain rules of thumb that are considered appropriate for financial ratios in a country. For example, current ratios of 2:1 and quick ratios of 1:1 are generally regarded as being desirable. Why might it be inappropriate to apply these rules of thumb when evaluating the liquidity of firms from other countries? EXERCISES rations and the need to tap capital providers in several countries I rather than country-specific