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QUESTION 1 Distinguish between the following: a. Financial accounting and Management accounting. b. Profit maximization and Profit satisfaction. (6 marks) (4 marks) QUESTION 2 a.

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QUESTION 1 Distinguish between the following: a. Financial accounting and Management accounting. b. Profit maximization and Profit satisfaction. (6 marks) (4 marks) QUESTION 2 a. Identify two users of financial information and give one informational need for each of them. (6 marks) b. Explain why the needs of stakeholders must be met by an organisation

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