Which of the following statements are correct?
I. A company's choice of accounting principles for financial reporting purposes does not affect net cash flow for the accounting periodII. A company's choice of accounting principles for financial reporting purposes does not affect operating cash flow
III. If a company sells its receivables this will increase operating cash flow
IV. If a company sells its receivables this will increase financing cash flow
A. I and III
B. I, II and III
C. II and IV
D. I and IV
Answer: A
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