2 pts Question 3 User/s of general-purpose financial reporting mentioned in the Conceptual Framework is/are the: A. Creditor and Debtor B. Source of fund providers C. Government D. Owner and Shareholder Question 4 2 pts 5 years ago, ALX Entity was acquired by LAX Entity. The acquisition resulted to a parent-subsidiary relationship. ALX Entity reported Php 50 million total assets in the financial statement as of December 2021. The said financial statement is accounted for as: Castro is the newly appointed president of Buddy Corporation. Among the following choices, identify the responsibilities of Mr. Castro, being the agent of the shareholders (principal), under the concept of Management Stewardship. A. Provide a reliable and biased financial information about the utilization of the company's resources. B. Properly manage the long-term assets invested by the shareholders in exchange for Buddy's shares during the incorporation. C. In the event of term loan application, the management must protect the interest of Buddy Corp. and Northern Bank by disclosing the right information D. Manage the corporation's tax obligation through proper payment of tax dues. E. B, C, D Question 6 2 pts Due to the tight deadline, the accounting manager of Baby Company is contemplating on what financial statements should he issue first. Based on IAS 1, what action should he take