1. The following is a true statement

A. Increases in Assets are a source of cash

B. Changes in Treasury Stock should be included in the Investing Activities section

C. Proceeds from the sale of a Building is a use of cash

D. Increase in Accounts Payable is a use of cash and should be in the Investing Activities section

E. None of the above are correct

2. The following is false

A. Retirement of Bonds Payable with the issuance of Common Stock is a non-cash transaction

B. Decrease in short term notes payable is included in the Financing Activities

C. Increase in Accrued Real Estate taxes is a source of cash

D. Sale of Patents should be included in the Investing Activities

3. The following statement is true

A. Changes in the account Cash are included in the Operating Activities section

B. Increases in current assets and decreases in current liabilities are sources of cash

C. Any changes in Long term investments should be included in the Investing Activities Section

D. There are 3 separate sections to the Cash Flow statement