Exercise 4: The New York Stock Exchange (NYSE) Provides A Li

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Exercise 4the New York Stock Exchange Nyse Provides A List Of Non U Exercise 4. The New York Stock Exchange (NYSE) provides a list of non-U.S. companies listed on the exchange on its Web site. 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. Case 1. Besserbrau AG Besserbrau AG is a German beer producer headquartered in Ergersheim, Bavaria. The company, founded in 1842, is publicly traded on the Frankfurt Stock Exchange. Besserbrau uses only four ingredients in making its products, adhering to the German Beer Purity Law, and imports hops from the Czech Republic. Initially marketed only in Germany, Besserbrau expanded sales by establishing a subsidiary in China, BB Pijio. Sales to BB Pijio accounted for 20% of Besserbrau's sales, with China sales constituting 10% of the group’s profits. The rapid growth prompted Besserbrau to construct a brewery in Shanghai and to list its shares on the London Stock Exchange to support capital raising. Discuss the various international accounting issues confronted by Besserbrau AG. Exercise 7. As noted, diversity in accounting practice across countries generates problems for many groups. Required: a. Which is the greatest problem arising from worldwide accounting diversity? b. Which group is most affected by worldwide accounting diversity? c. Which group can most easily deal with the problems associated with accounting diversity? Exercise 8. Various efforts have been made to reduce international accounting diversity through convergence, aiming for similar financial reporting rules worldwide. Required: Identify which factor—legal system, taxation, providers of financing, inflation, political and economic conditions, or culture—presents the greatest impediment to inter

Dr. Jack HW Helper · Accepted Answer

Exercise 4the New York Stock Exchange Nyse Provides A List Of Non U Exercise 4. The New York Stock Exchange (NYSE) provides a list of non-U.S. companies listed on the exchange on its Web site. 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. Case 1. Besserbrau AG Besserbrau AG is a German beer producer headquartered in Ergersheim, Bavaria. The company, founded in 1842, is publicly traded on the Frankfurt Stock Exchange. Besserbrau uses only four ingredients in making its products, adhering to the German Beer Purity Law, and imports hops from the Czech Republic. Initially marketed only in Germany, Besserbrau expanded sales by establishing a subsidiary in China, BB Pijio. Sales to BB Pijio accounted for 20% of Besserbrau's sales, with China sales constituting 10% of the group’s profits. The rapid growth prompted Besserbrau to construct a brewery in Shanghai and to list its shares on the London Stock Exchange to support capital raising. Discuss the various international accounting issues confronted by Besserbrau AG. Exercise 7. As noted, diversity in accounting practice across countries generates problems for many groups. Required: a. Which is the greatest problem arising from worldwide accounting diversity? b. Which group is most affected by worldwide accounting diversity? c. Which group can most easily deal with the problems associated with accounting diversity? Exercise 8. Various efforts have been made to reduce international accounting diversity through convergence, aiming for similar financial reporting rules worldwide. Required: Identify which factor—legal system, taxation, providers of financing, inflation, political and economic conditions, or culture—presents the greatest impediment to inter

Exercise 4the New York Stock Exchange Nyse Provides A List Of Non U

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