Question: Which statement is correct? 1. Machinery is recorded under property, plant, equipment. 2. Purchases are recorded under property, plant, equipment. 3. A bank loan is

Which statement is correct?

1. Machinery is recorded under property, plant, equipment.

2. Purchases are recorded under property, plant, equipment.

3. A bank loan is recorded under interest bearing liabilities.

4. Issued shares are recorded under provisions.

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