QUESTION 4 [10 MARKS] Unless specified, assume a December 31 fiscal year-end. Select the best answer for each of the following multiple choice questions. Answer each question in your SCORE SHEET AT THE BACK OF THIS QUIZ by giving the number of your choice. For example, if the best answer for question 1 is A), write 1. A) in your score sheet. If more than one answer is given for a question, that question will not be marked. Incorrect answers will be marked as zero. Marks will not be awarded for explanations. Each question is worth 2 mark. 1. The date on which a gain or loss from the disposal of a segment of a business is measured is the: A. date that operations cease (if disposal is by abandonment). B. last day of the fiscal year in which the decision to dispose is made plan. C. date that the assets are sold. D. date that the entity makes a formal commitment to disposal. 2. External decision-makers include all of the following except: A. managers. B. owners. C. creditors. D. employees. 3. General-purpose financial statements report financial information relevant to: A. investors only B. creditors only. C. government users Gily. D. investors, creditors and government users