graphite discount building supplies limited graphite is a chain of large building supply stores graphite sells building supplies to individuals and small/

Required:
Prepare the report requested by Graphite’s board of directors. Your report should:
i. Identify the likely users of the financial statements and describe the uses they will have for the statements.
ii. Identify and explain the possible objectives of financial reporting and rank the objectives. (You should respond from the perspective of an advisor to Graphite’s board of directors. Recognize that different stakeholders could have different objectives.
For example, the objectives of the managers may not be the same as the board.)
iii. Are there any constraints that limit the accounting choices that Graphite can make?
iv. Identify and discuss reasonable alternative treatments for each accounting issue and make a recommendation about how Graphite should account for each issue. Your discussion and recommendations should consider any relevant constraints, facts, and objectives.