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3. According to IAS 7 Statement of Cash Flow standard, the statement of cash flows is divided into three activities; operating, investing, financing. State the

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3. According to IAS 7 Statement of Cash Flow standard, the statement of cash flows is divided into three activities; operating, investing, financing. State the activity into which the following transactions are classified: (please write your answers in the table) (20 points) Answer: Activity: operating or investing or financing Transaction Buying a new machine Paying back a bank loan Paying a supplier Selling trade goods

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