MBA5928 June 2017.pdf - Adobe Reader File Edit View Document Tools Window Help Find What is the objective of general purpose financial reporting? The financial statements of a company consist of four indvidual statements as well as the notes to the financial statements Name the four statements and briefly explain the role of each of these statements The following data relates to SBL Company for the year ended 28 February 2017 11 12 (12) 13 Credt Sales Cost of inventory sold on credit Collections from customers Purchases on inventory on credt Payment for purchases Cash collections from bonds issued Dividends paid Salanes Paid 100,000 55,000 60,000 50,000 45,000 25,000 10,000 20,000 Required a b Determine the income or loss on an accrual basis Determine the income or loss on a cash basis 14 List the users of financial statements and briefly explain each user's information requirement from the Financial Statements (14) vate Windows Settings to activate Windows. 15 Explain how Corporate Govemance and Ethics can play a role in the future of a company (8) Go t O Type here to search 22:32 27/05/2018