Questions

$1$ Explain one reason why Mal$$ Traders Ltd$\text{'}$s managers would be interested in the company's statement of profit and loss.

$[2]$

$2$ Calculate Male Traders Lid's profit for period using the revised figures provided by the accountants. Show your workings

$[2]$

$3$ To what extent would Male Traders Ltd$\text{'}$s shareholders be pleased with the revisions that have been made to the company's statement of profit and loss?

$10$