Q1. The gearing of a JK plc has reduced from 45% in 2020 to 37% in 2021. Answer TRUE or FALSE to indicate which of the following is/are VALID reasons for the decrease? (4 marks) (i) JK has entered into a new lease this year (ii) JK used some of its cash to purchase a significant amount of new plant in the 2021 (iii) JK have changed their accounting policy with regard to property. They are now using the revaluation model instead of the cost model (iv)JK made a bonus issue during the year