Dear Professor Garreis

Dear Professor Garreis,

Thank you for your reply and corrections of my English.

I will answer the homework.

1.Does Japan's Securities and Exchange Surveillance Commission have a website? What is it?

→Japan's Securities and Exchange Surveillance Commission has a website.

It is Securities and Exchange Surveillance Commission(SESC)

2.Name one way the NYSE is different from Japan's TSE.

→NYSE is American stock exchange but TSE is Japanese stock exchange.

3.A. How many companies listed on the NYSE are not US companies?

→There are more than 460 listed companies.

3.B. From how many countries do these non-US companies come?

→There are from 48 countries.

4.A. In yen, what is NTT's operating income for the year ended March 31, 2006?

→It is 11,907,000,000,000yen

4.B. In millions of US dollars, what is NTT's operating income for the year ended March 31, 2006?

→It is $10,177

5.A. What financial information does McDonald's of Japan have at its website?

→Japanese McDonald website has information of balance sheet , income statement and a plan of shareholder's equity fluctuation.

The web page is

http://www.mcdonalds.co.jp/company/outline/kessan/pdf/mcdj05_bspl.pdf

5.B. Is there more financial information at McDonald's of Japan or at McDonald's USA site? Or is the information about the same?

→McDonald's USA site has much information than McDonald's of Japan.

5.C. Have you ever eaten at McDonald's? What did you eat? Did you like the food?

→I have eaten at McDonald's. I ate hamburger. I liked the food.

6. How does the flow of accounting information over the Internet help corporations and investors?

→It helps corporations and investors decide to invest in a profitable firm.

I'm waiting for your reply.

Sincerely.

Atsushi