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[0.8 mark] 3. Which statement is NOT TRUE about financial statements? (a) Many companies report their performance based on the financial statements. (b) There are depreciation costs in the cash flow statement. (c) In balance sheet, assets liability+ equity. (d) Sales revenue is inflow and is typically shown as positive value in the cash flow statement [0.8 Mark] 4. Which of the following is NOT the right way to maximize heat recovery? (a) Identify the "pinch" and divide the heat recovery problem into two sub problems (b) Match the process streams above the pinch for heat exchange. (c) Use a cold utility to cool a hot stream above the pinch. (d) None of the above. [0.8 Mark] 5. Depreciation: (a) Is a cash expense (b) Overstates earnings if the period is too short (c) Reflects the need to replace assets that wear out (d) All of the above is correct description