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.