International Business 8th Edition by Charles Hill

Exercise 3

The globalEDGE™ site offers a country comparator tool that allows investigators to compare countries based on statistical indicators. Utilize this tool to identify in which of the following countries the historic cost principle of accounting is considerably less reliable: Belarus, Costa Rica, Egypt, Finland, Ghana, Iceland, Paraguay, Thailand, and Zimbabwe. Use the rank countries tool to identify other countries in which the historic cost principle would not be very reliable.