SOMEONE HELP ME WITH THIS TASK !! My MNC is: The Coca Cola Company Link to The Coca Cola Company's annual report for the fiscal year ended December 31, 2020:https://www.sec.gov/ix?doc=/Archives/edgar/data/21344/000002134421000008/ko-20201231.htm

PLEASE ANSWER EACH QUESTION SEPARATED ! Each question with their own answer !!! HELP 1: 1. How does harmonization differ from convergence? 2. Are yourself for or against convergence and why?Write a short, one-paragraph statement supporting your position. MNC: 1. On what exchange(s) is(are) the MNC (The Coca Cola Company)listed?What are its call letters? 2. Look at the MNC's (The Coca Cola Company) most recent published annual report.Are the consolidate financial statements in conformity with U.S. GAAP? IFRS? HELP 2: Research the MNC (The Coca Cola Company) and report on any accounting issues covered in this chapter related to foreign currency transactions (foreign exchange, fereign exchange rates, forward rate, forgein exchange risk, financial statement preparation, derivatives) and hedging activities. HELP 3: Part I is research the MNC (The Coca Cola Company) and report which, if any, of these standards are applicable for your MNC. Just list the standards if applicable to your MNC.Second, select one of those standards you listed and explain how your MNC handles it. The week's discussion covered the following International Accounting Standards (IAS): #21The Effects of Changes in Foreign Exchange Rates #27Separate Financial Statements #28Investments in Associates and Joint Ventures #29Financial Reporting in Hyperinflationary Economies #31Interests in Joint Ventures (superseded by IFRS 11 Joint Arrangements and IFRS 12 Disclosures of Interests in Other Entities) and IFRS 3Business Combinations IFRS 8 Operating Segments Part III Question:What companies might the MNC (The Coca Cola Company) include in a benchmarking study and in which countries are those companies located.The answer should include, at least, four other companies, one of which is based outside the U.S., for the comparison.As an example of the response for this assignment, consider Ford Motor Company. Ford might want to include the following companies in a benchmarking study: U.S. - General Motors, Chrysler Japan - Honda, Toyota, Subaru Germany - BMW, Volkswagen, Audi Korea - Hyundai, Kia France - Renault, Peugeot HELP 4: The task is to report on the functional currency ofthe MNC (The Coca Cola Company).When researching the answer keep in mind the following and include details regarding your MNC: Both U.S. GAAP and IFRS recommend the following factors: the location of primary sales markets, sources of materials and labor, the source of financing, and the amount of intercompany transactions should be evaluated in identifying an entity's functional currency. U.S. GAAP does not provide any guidance as to how these factors are to be weighted (equally or otherwise) when identifying an entity's functional currency. Unlike U.S. GAAP, IAS 21 provides a hierarchy of factors to consider (reference the exhibit on the next page for details). HELP 5: 1.Research the MNC (The Coca Cola Company)and report on any major issue(s) of international taxation that is (are) addressed in this chapter.Post this assignment in the chapter conference. 2.Discuss how the MNC (The Coca Cola Company)handles transfer pricing.