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QUESTION 1 (15 Marks) Answer the following questions: Briefly state what makes Accounting information useful to its users. (5) List at least five types of

QUESTION 1 (15 Marks)

Answer the following questions:

  1. Briefly state what makes Accounting information useful to its users. (5)
  2. List at least five types of users of financial statements and briefly explain each users information expectation from the financial statements. (10)

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