Question: 1. Globalization has made cultural values irrelevant factors that do not influence multinational business or accounting. Do you agree or disagree with this assessment? Explain

1. "Globalization has made cultural values irrelevant factors that do not influence multinational business or accounting."

Do you agree or disagree with this assessment? Explain your answer.

2. One of your clients is trying to diversify his investment portfolio and asks you to perform an analysis of the financial statements and various financial ratios of some foreign companies.

Before advising your client to invest large amounts of money:

a. What are some of the potential problems you may encounter when analyzing financial statements of a foreign company

b. Why should you be careful when comparing financial ratios of companies operating in different countries?

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