Please no hand writing!

The New York Stock Exchange (NYSE) provides a list of non-U.S. companies listed on the exchange on its Web site (www.nyse.com). (Hint: Search the Inter- net for NYSE List of Non-U.S. Listed Issuers.) Required:

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.

Access the financial statements from the most recent annual report of a foreign company and a domestic company with which you are familiar to complete this assignment.

Required: a. Determine the accounting principles (GAAP) the foreign and domestic companies use to prepare financial statements.

b. Determine whether the foreign and domestic companies provide a set of financial statements that includes the same components (e.g., consolidated balance sheet, consolidated income statement, and consolidated cash flows statement).

c. List five format differences in the companies income statements.

d. List five format differences in the companies balance sheets.

e. Note any terminology differences that exist between the two companies income statements and balance sheets.