Response to the following questions:
1.) Identify several environmental factors that may explain why accounting principles differ among countries?
2.) Identify the unique accounting issues associated with consolidating a foreign subsidiary with the operations of it's U.S. Parent company?
3.) If the U.S. dollar was expected to strengthen relative to a foreign currency (FC), What effect might this have on a U.S. exporter?
Support your answer using a minimum of two professional or academic sources.