a._____ T or F Certificates of deposit, commercial paper and U.S. Treasury Bills with original maturity of 6 months or less are examples of highly liquid investments and are classified as cash equivalents. (if false, identify and correct error)

b. _____ T or F Depreciation expense reduces operating income but does not require the use of cash. In the Statement of Cash Flows it is separately stated as an addition to net income. (if false, identify and correct error)