Fixed Assets originally costing 65,000 with accumulated depreciation of 20,000 were sold during the year for 18,000.

a) Prepare a Cash flow Statement for Coma using the In-direct method.

b) The statement of cash flows gives clues to the business strategy. Using Coma Ltd as an example, discuss what information an analyst can obtain from the cash flow statement.

c) Calculate the missing information.

Peta Co had an opening electricity accrual of 650 and a closing accrual of 50. The electricity expense in the Income Statement was 6,005. What was the value of the electricity bill in the year?

Beta Co had a closing rent prepayment of 150, payment of 5,000 in the year and the Rent expense in the Income Statement was 5,500. What was the opening prepayment?

You are given the following information about Coma Ltd. were sold during the year for 18,000. You are given the following information about Coma Ltd. were sold during the year for 18,000