Which of the following statements are correct ? I. A company's choice of accounting principles for financial reporting purposes affects net cash flow for the accounting period. II. A company's choice...

Which of the following statements arecorrect?


I. A company's choice of accounting principles for financial reporting purposes affects net cash flow for the accounting period.
II. 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