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

Required

(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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CASH4CARS LTD Statement of Cash Flows For the year ended 30 June 2020 2020 2019 Notes $000 $000 Cash flows from operating activities Receipts from customers Payments to suppliers and employees Interest received Interest paid $ 234760 $196870 (110837) (94261) 1.343 1322 (5) Income taxes paid (34510) (31) (29688) Net cash inflow from operating activities 29 90 751 74212 Cash flows from investing activities Payment for purchase of associates Payments for property, plant and equipment Payments for domain names (104 169) (1268) (13) (5349) Net outstanding receipts (payment) 2427 Payments for computer software (1555) (23) (2500) (235) Proceeds from disposal of assets 13 11 Payment for investment in joint venture (250) Net cash (outflow) from investing activities (104 815) (8096)