Read the text given below: Financial statements are the basic sources of information to the shareholders and other external parties for understanding the profitability and financial position of any business concern. They provide information about the results of the business concern during a specified period of time in terms of assets and liabilities, which provide the basis for taking decisions. Thus, the primary objective of financial statements is to assist the users in their decision-making. Financial statements provide the necessary information about the performance of the management to those parties interested in the organisation and help in taking appropriate economic decisions. It may be noted that the financial statements constitute an integral part of the annual report of the company in addition to the directors report, auditors report, corporate governance report, and management discussion and analysis. Though utmost care is taken in the preparation of the financial statements and provide detailed information to the users, they are not free from limitations. Answer the following questions:1. The interested parties of accounting information include a) Share holders b) Government c) Prospective investors d) All the above2. The primary objective of financial statements is to assist the users in their decision-making. The other objective of financial statements is a) To abide by the Laws of the country b) To follow the Accounting standards c) To provide the information about the earning capacity of business. d) To learn the nature, objectives and types of financial statements it has to prepare including their contents, format, uses etc3. The major limitations of financial statements are a) Aids trade associations in helping their members b) Guide to the value of the investment already made: c) Do not reflect current situation d) Report on stewardship function4. Internal users of financial statements constitute a) Owners b) Employees c) Investors d) Government and tax authorities