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Question 2 (7 marks) (a) Why is the EPS (earnings per share) figure useful to the users of general purpose financial reports (GPFR)? Give reasons

Question 2 (7 marks)

(a) Why is the EPS (earnings per share) figure useful to the users of general purpose financial reports (GPFR)? Give reasons to support your answer. (4 marks)

(b) Why might the usefulness of EPS (earning per share) be limited? Give reasons to support your answer. (3 marks)

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