The Malaysian Private Entities Reporting Standards (MPERS) issued by Malaysian Accounting Standards Board (MASB) is applicable to private entities in Malaysla. However, private entities shall comply elther MPERS or Malayslan Financial Reporting Standards (MFRS) in preparation of Its financlal statements. The objective of financial statements of private entity is to provide information about the financlal position, performance and cash flows of the entity that is useful for economic decision-making by a broad range of users. Required: a) Discuss briefly FIVE (5) qualitative characteristics of information in financial statements according to MPERS. (5 marks) b) List FIVE (5) examples of debt instruments that satisfy the conditions of financial instruments as basic financial instruments in accordance with MPERS. (5 marks) c) Discuss the measurement of deferred tax in accordance with MPERS.