(a(i))[2]
Explain one advantage of a company’s audited financial statements for shareholders.
(a(ii))[2]
Explain one advantage of a company’s audited financial statements for potential investors.
(a(iii))[2]
Explain one advantage of a company’s audited financial statements for a bank.
(b)[9]
Prepare a statement showing the adjusted profit for year ended 30 June 2017, using additional information $1$ to $4$.
(c)[6]
Prepare the motor vehicles column in the non-current assets schedule, as presented in the note to the financial statements for the year ended 30 June 2017.
(d)[4]
Advise the directors whether they are allowed to revalue only Plot X and not Plot Y. Support your answer by referring to the relevant accounting standard(s).