Which of the following statement(s) are correct with regard to preparation of Statements of cash flows?
(a) A Statement of cash flows is less objective than a Statement of income
(b) A Statement of cash flows is a forecast of what a company expects in the next year
(c) If receipts in a year exceed payments the difference is identified as net cash inflow
(d) IAS 7 requires the Statements of cash flows to be prepared under three headings

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wa & b x b&c ya & d z c& d N