Mm Answer the following questions 1 to 20 using the multiple choice answer sheet. Choose the best alternative to each question. Each question is worth 1 mark. Question 1: The Corporations Act requires which of the following statements to be included In a Directors' Declaration? A. whether in their opinion the nancial statements comphilr with accounting standards and the Corporations Act B. whether in their opinion the financial statements give a true and fair view of the financial position and financial performance of the entity C. whether or not In their opinion, when the declaration was made, there were reasonabie grounds to believe that the company would be able to pay its debts as they become due D. Ail of the given answers should be included. Question 2: A general purpose nancial statements means: A. a nancial report intended to meet the information needs of users who are unable to command the preparation of special purpose reports B. a financial report prepared by the company for the needs of any user C. a financial report Intended to meet the information needs of preparers D. a nancial report intended to meet the information needs of users who are able to command the preparation of reports to satisfy all of their information needs