Consider the following statements regarding Accounting Standard (AS) 3 on Cash Flow Statements:
1. Cash flows from operating activities are primarily derived from the principal revenue-producing activities of the enterprise.
2. Cash flows from investing activities include cash payments to acquire fixed assets.
3. Cash flows from financing activities include dividends paid to shareholders.
Which of the above statements is/are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
3 only
5
1, 2, and 3