Question 2 [40 marks 2.1 Explain why these external users of financial statements use financial statements for decision making: [10 marks Investors Lenders Suppliers Government Management 9 2.2 Briefly discuss providing a well-reasoned answer as to what you consider the difference between recording and reporting in the practice of accounting. [ 6 marks] 2.3 Define the following terms: 2.3.1 Income [2 marks 2.3.2 Expense (2 marks [2 marks] 2.3.3 Equity