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QUESTION 1 1. Define Financial Statements. (3 marks) 2. Explain three (3) different ways of representing the Financial Statement of a company. (7 Marks) 3.

QUESTION 1

1. Define Financial Statements. (3 marks)

2. Explain three (3) different ways of representing the Financial Statement of a company. (7 Marks)

3. State Five (5) users of Financial Statement and explain their interest (10 marks)

4. Differentiate between external and internal users of financial statements (5 Marks)

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