Banker M Inbox (2,332) - jc X C FINA2040 Tutori X ets - Gc X 2 Simple Ways to x View Acquirca a. Identify and discuss three major concerns you may have with the financial performance and position of X Ltd. (15 Marks) b. Discuss the difference between the accrual basis and the cash basis of preparation of financial statements. Provide an example of each in your answer. (5 Marks) Page 4 of 8 Question 3 The Consolidated Balance Sheet for Facebook Inc as at the 31" December 2017 reflects total equity with a book value of US$74 374 billion On the 31 December 2017. Facebook Inc had a market capitalisation of approximately US$513 billion Required a. Drawing on your knowledge of the limitations of accounting information, discuss potential reasons for the difference between the book value and market value of Facebook Inc's equity. (15 Marks) b. Discuss the purpose and characteristics of the following equity accounts on the balance sheet: share capital share premium and retained earings (5 Marks) image1 (5).jpeg image2 (2).jpeg imagejpeg 1994