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