MFW: Greetings i am gi D MBAS928 June 2017 MBA5928 November 2 My Account Cheggco ? \ Gallery-ZiMBUSINESS ?Afr Tutor-l am your i ?- X ? C I file:///C:/users/user/Downloads/MBAS928%20lune%202017.pdf MBA5928 June 2017 pdf 3/8 11 What is the objective of general purpose financial reporting? 12 The financial statements of a company consist of four indrvdual statements as well as the notes to the financiai statenents Name the four statements and bnefly explain the role of each of these statements The following data relates to SBL Company for the year ended 28 February 2017 (12) 13 Credit Sales Cost of inventory sold on credit Collections from customers Purchases on inventory on credit Payment for purchases Cash collections from bonds issued Dividends paid Salaries Paid 100,000 55,000 60,000 50,000 45,000 25,000 0,000 20,000 Required a Determine the income or loss on an accrual basis b Determine the income or loss on a cash basis 14 List the users of financial statements and briefly explain each user's information requirement Act Go to ate Windows Settings to activate Windows. from the Financial Statements Explain how Corporate Governance and Ethics can play a role in the future of a company (14) (8) 15 22:30 O Type here to search 27/05/2018