Which?of the following assertions about statement of cash flows is/are correct??
1?A statement of cash flows prepared using the direct method produces a different figure for??operating cash flow from that
produced if the indirect method is used.?
2?Rights issues of shares do not feature in statements of cash flows.?
3?A surplus on revaluation of a non-current asset will not appear as an item in a statement of cash??flows.?
4?A profit on the sale of a non-current asset will appear as an item under Cash Flows from Investing??Activities in a statement
of cash flows.?