The statement of cash flows for Cash4Cars Ltd follows. Ignore GST. Required (a) Explain the information that

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The statement of cash flows for Cash4Cars Ltd follows. Ignore GST.

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(a) Explain the information that would be presented in Note 29 of Cash4Cars Ltd’s financial statements.

(b) Explain the information that would be presented in Note 9 of Cash4Cars Ltd’s financial statements.

(c) Discuss how it would be possible to research whether the direct or indirect method of presenting cash flows from operating activities is more useful to investors.

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Financial Accounting

ISBN: 9780730363217

10th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield

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