Which of the Following Statements Are Correct

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 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

Correct Answer:

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