Please be s kind to answer the following:

ABC Manufacturers Ltd has to raise an additional R1 000 000 in equity. The firm should ideally finance itself by means of ...

• A. R300 000 in cash, R100 000 in accounts receivable and R600 000 of inventory.
• B. R900 000 in debentures, 10 000 ordinary shares at a par value of 100 cents each and R10 000 in retained earnings.
• C. 500 000 ordinary shares at a par value of 200 cents each.
• D. R300 000 in debentures and 700 000 non-voting preference shares at 100 cents each.

The statement of comprehensive income measures ... and it is also known as ...

• A. revenue and gross profit; earnings-after-tax trial balance.
• B. gross profit, earnings before income and tax (EBIT) and net profit;Statement of financial performance.
• C. cost of goods sold and operating expenses; balance sheet.
• D. sales, EBIT and earnings-after-tax; cash flow statement.

On the statement of financial position, fixed assets represent ...

• A. gross fixed assets at cost minus depreciation expense.
• B. gross fixed assets at market value minus depreciation expense.
• C. gross fixed assets at cost minus accumulated depreciation.
• D. gross fixed assets at market value minus accumulated depreciation.

Which statement is not correct with regards to financial accounting?

• A. Financial accounting is externally focused.
• B. Financial accounting is internally focused.
• C. Financial accounting is historical orientated.
• D. Financial accounting must follow externally imposed rules.