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23 marksPublished Accounts and Statement of Cash Flows

CAPE Accounting Unit 1 · 2009 · Paper 2 · Question 3(a)

Cheryl's Curl Up & Dye Beauty Salon comparative balance sheets for March 31, 2007 and 2008, income statement for the year ended March 31, 2008, and additional details on equipment transactions, bond/note issues, share issues, and dividends paid are provided.

Prepare a Statement of Cash Flows for 2008 showing clearly cash flows from operating activities, investing activities and financing activities.

This question uses a figure or table from the paper — you'll see it when you practise.

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Other parts of this question

  1. 3(b)(i)State TWO uses and TWO limitations of financial ratios.[4 marks]
  2. 3(b)(ii)Discuss the performance of Cheryl's Salon over 2007 and 2008 in terms of liquidity and profitability using the industry averages as benchmarks.[8 marks]

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