Question: Exhibit 5-9 ranks 34 countries on earnings opacity. Which five countries have the most surprising placement? Why do you sayso? EXHIBIT 5-9 Earnings Opacity Ranking

Exhibit 5-9 ranks 34 countries on earnings opacity. Which five countries have the most surprising placement? Why do you sayso?

EXHIBIT 5-9 Earnings Opacity Ranking of Countries from Least to Most 1. United States 2. Norway 3. Portugal 4. Brazila 5. Belgium 6. Mexico 7. Canada 13. Switzerland 14. Sweden 15. Germany 16. The Netherlands 17. Finland 18. Austria 19. Thailand 20. Irelanod 21. Hong Konga 22. Singapore 23. Taiwana 24. Turkey 25. South Africa 26. Malaysiaa 27. Italy 28. Pakistana 29. Japan 30. Chile 31. India 32. Indonesia 33. South Koread 34. Greece France 9. Australia 10. Spain 11. United Kingdom 12. Denmark

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