a). With the aid of relevant practical examples elaborate how investment analysts, rating agencies and competitors make use of financial statements. Provide atleast one example for each category of users of financial statements. (6 marks)

b). Identify whether each of the following items would appear in the operating, investing, or financing activities section of the statement of cash flows. Justify your answer(4 marks)

(i) Cash payments to lenders for interest on loans

(ii) Cash receipts from collection of principal for loans made to other entities

(iii) Cash receipts from issuance of bonds

(iv) Cash receipts from collection of interest on loans made to other entities