A. Users of financial report are categorized as internal and external users. These users need information in the financial reports for various purposes. i. Describe THREE (3) main objectives of preparing financial reports to the user. (3 marks) ii. Distinguish the internal and external users of accounting information. (2 marks) B. Accounting has several interrelated branches, and they have been developed to serve different sets of objectives. Identify THREE (3) branches of accounting. (3 marks) C. Identify the appropriate accounting concept that describes each situation below: i. Jamilah, the owner of Bintang Bookstore Sdn. Bhd. bought a computer for her own use. She paid for the computer by writing a cheque on the bookstore account and charged to the Drawing Account. (1 mark) ii. Megat bought a new house in Bandar Kinrara with the price of RM250,000 in 2020. According to the property agent, in current year 2021, the price of the house is much higher than the purchase price last year. (1 mark)