QUESTION ONE: PUBLIC BENEFIT ENTITIES VS. FOR-PROFIT ENTITIES Victoria University of Wellington is a university in Wellington, New Zealand. It was established in 1897 and is well known for its programmes in law, humanities, and commerce. The University is a Public Benefit Entity. Kathmandu Holdings Limited is a transnational chain of retail stores selling travel and adventure clothing and equipment in New Zealand and Australia. The company was founded in 1987 in Christchurch, New Zealand, and it still maintains its headquarters in the city. Required: Expected word count: 500-600 Using these two reporting entities as examples: (a) Identify and explain FIVE differences between a Kathmandu Holdings Limited - a for- profit entity, and Victoria University of Wellington - a public benefit entity (PBE). (10 marks) (b) Explain, in your own words, the meaning of "stakeholder", AND identify TWO stakeholders for each entity (FOUR in total). (5 marks) (c) Explain why EACH of the stakeholders from part (b) require accounting information AND provide an example of the type of accounting information each stakeholder requires. (10 marks) QUESTION ONE: PUBLIC BENEFIT ENTITIES VS. FOR-PROFIT ENTITIES Victoria University of Wellington is a university in Wellington, New Zealand. It was established in 1897 and is well known for its programmes in law, humanities, and commerce. The University is a Public Benefit Entity. Kathmandu Holdings Limited is a transnational chain of retail stores selling travel and adventure clothing and equipment in New Zealand and Australia. The company was founded in 1987 in Christchurch, New Zealand, and it still maintains its headquarters in the city. Required: Expected word count: 500-600 Using these two reporting entities as examples: (a) Identify and explain FIVE differences between a Kathmandu Holdings Limited - a for- profit entity, and Victoria University of Wellington - a public benefit entity (PBE). (10 marks) (b) Explain, in your own words, the meaning of "stakeholder", AND identify TWO stakeholders for each entity (FOUR in total). (5 marks) (c) Explain why EACH of the stakeholders from part (b) require accounting information AND provide an example of the type of accounting information each stakeholder requires. (10 marks)