Question 1. a. Assume that you are a managing director of a company, generally instruct your accountants to prepare financial statements for the company's stakeholders. Who are the main stakeholders of the firm. Do these stakeholders really care about this information. Why or why not? How does stock market react to announce of accounting information including earnings and dividends?/nb. The company's credit officer recently approached a local bank for a loan arrangement. However, the credit department of the bank declined to sanction the loan. Critically explore at least three factors why such decision was made by the bank?/nC. As a managing director of the company, with the objective to improve shareholders' wealth, how does a firm improve shareholder equity with clear example? From Financial Accounting perspective, why does accounting equation is matter for firm's management and its stakeholders?

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