2-1. What are the two common methods used internationally for the order in which assets are listed on the balance sheet? Which of these two methods is most common in North America? In Europe? 2-3 How does the relationship between financial reporting and taxation affect the manner in which income is measured for financial reporting purposes? 2-4 Who are the major providers of capital (financing) for business enterprises? What influence does the relative importance of equity financing in a country have on financial statement disclosure? 2-5 In general terms, how is financial reporting different in the Anglo-Saxon model of accounting from the Continental European model of accounting? 2-6 According to Gray, how does national culture affect the development of a country's accounting system? 2-9 What is the implication from the modified Gray framework for the use of a common set of financial reporting standards across all countries