(a)[2]
Explain what is meant by stewardship.
(b)[4]
Explain why a limited company needs an audit.
(c)[6]
Prepare the updated income statement for the six months ending 31 May 2018.
(d(i))[3]
Calculate the dividend per share payable to shareholders under option 1.
(d(ii))[10]
Discuss the consequences for the business of each option that the directors should weigh up when choosing which option to select. Support your answer with relevant calculations.