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QUESTION FOUR [20] 4.1 List the five (5) elements of financial statements. (5) 4.2 Discuss the objectives of financial statements according to the accounting

QUESTION FOUR [20] 4.1 List the five (5) elements of financial statements. (5) 4.2 Discuss the objectives of financial statements according to the accounting framework. (4) 4.3 List five (5) components of the financial statements. (5) 4.4 List and explain the two (2) key fundamental assumptions when preparing financial statements. (6)

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