Pick-up the correct answer from the given choices

1. Yash Ltd. wants to prepare its cash flow statement. It sold equipment of book value of Rs. 60,000 at a gain of Rs. 8,000. The amount to be reported in its cash flow statement under operating activities is (a) Nil (b) (8,000) (c) 8,000

2. Cash flows arising from interest paid in the case of a financial enterprise is a cash flow from (a) Financing activity (b) Investing activity (c) Operating activity

3. In the cash flow Statement, %u2018Cash and Cash equivalents%u2019 include (a) Bank and Cash (b) Short-term investments (c) Both (a) and (b)