Question: Question 1. The development of conceptual frameworks is not only costly and time-consuming but also subject to political interference. Some scholars (for example, Hines) argue

Question 1. The development of conceptual frameworks is not only costly and time-consuming but also subject to political interference. Some scholars (for example, Hines) argue that conceptual frameworks are no more than the residue of a political process.

Question 2 [15 marks] You are a senior financial accountant at Alex Ltd, a company that distributes school uniforms. One of the new graduate accountants has prepared the following statement for the year ended 30 June 2019 with the relevant notes provided below it:

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