$28,1\mathrm{.}667$ points

Which one of these statements is correct?

Accountants record sales and expenses after the related cash flows occur.

Most investors prefer greater risk over less risk.

When selecting one of two projects, managers should select the project with the higher total expected cash flow.

Individuals tend to prefer later cash flows over current cash flows.

The value of an investment depends on the size, timing, and risk of the investment's cash flows.