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'Well-prepared financial statements will meet all the needs of all the users' (a)Critically evaluate the above statement.(10 marks) (b)Explain what can be regarded as 'well-prepared

'Well-prepared financial statements will meetallthe needs of all the users'

(a)Critically evaluate the above statement.(10 marks)

(b)Explain what can be regarded as 'well-prepared financial statements' from the perspective of accounting.

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