Question
firecom limited is a fire fighting company that is doing a commendable job of supplying quality fire fighting equipment in zambia.the governments recent purchase of
firecom limited is a fire fighting company that is doing a commendable job of supplying quality fire fighting equipment in zambia.the governments recent purchase of state of the art fire fighting equipment for the fire department has threatened the going concern of firecom,a private limited company with very little to afford state of the art fire fighting trucks/equipment.the firms accountant is busy and asked you to write him answers to the following questions which he will use present at the companys weekly key performance indicators(kpi)meeting.you are required to provide him answers to the following
a)explain two fundamental and four enhancing qualitative characteristics of financial statements according to the conceptual framework.
b)state and explain in detail the measurement bases recommende in the conceptual framework in relation to firecoms situation.
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