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From the following four statements which two are true? I) payment of long-term debt creates a cash outflow in cash flows from financing activities II)
From the following four statements which two are true? I) payment of long-term debt creates a cash outflow in cash flows from financing activities II) interest received creates a cash outflow in cash flows from operating activities III) purchase of a non-current asset creates a cash inflow from investing activities IV) issue of shares creates a cash inflow in cash flows from financing activities A: IV and II B: I and III C: II and III D: I and IV
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