Question 1 1. Name 3 users of the financial statements and how they would use the financial statements? (6) 2. A companys financial statements are generally prepared under the assumption that the entity is a going concern. Name and explain 3 indicators that a company is not a going concern. (6) 3. Bianca investments is a company owned by Bianca McGhuru CA(NAM) and it operates in the logistics industry. Biancas daughter just turned 18 and is now eligible to drive. Bianca investments bought a car for Biancas daughter. What should Bianca investments consider when reporting the purchase of the vehicle. Make specific reference to financial reporting, the code of professional conduct and the companies act. (9) 4. JamCore Investments has completed their 2021 financial year which ran from the 1 May 2020. The company sells masks and sold 1 000 000 masks (2020:20 000) at a price of N$10 (2020:5). The company also manufactures the masks, the cost of sales in 2021 is N$ 1, 200% less than the prior. They managed to decrease the cost of sales by using cheaper and thinner fabric. a. Compare the gross profit margin for 2020 and 2021. (8) b. Comment on any ethical considerations you may have. (9) 5. What does a full set of Annual Financial statements contain (6) 6. Can ethical qualities be attributed to corporations? Please provide 3 reasons to support your conclusion (6)