Cultural dimension index scores developed by Hofstede for six countries are reported in the following table:

Required:
Using Gray's hypothesis relating culture to the accounting value of secrecy, rate these six countries as relatively high or relatively low with respect to the level of disclosure you would expect to find in financial statements. Explain.

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Uncertainty Long-Term Power Distance Avoidance Individualism Masculinity Orientation Index Rank Country Index Rank Index Rank3 Index Rank Index Belgium Brazil Korea (South) 60 27 28 85 16 17 18 Netherlands 38 Sweden 20 94 38 65 75 65 5-6 75 54 22 49 27 39 41 14 51 5 53 18 69 14 76 21-22 38 26 -27 43 4-5 31 47- 29 49 50 71 10 11 40 53 35 80 11-12 20