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In the statement of cash flow, which of the following statements is NOT correct ? Paying off or retirement of a long-term bond should be

In the statement of cash flow, which of the following statements isNOT correct?

  1. Paying off or retirement of a long-term bond should be reported as, cash from financing
  2. Cash from selling a fixed asset should be reported as cash from financing
  3. Selling merchandise in cash, should be reported as cash from operation
  4. Buying merchandise in cash should be reported as cash from operation

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