**** Multiple Answer Question **** **** Select All Correct Answers **** Executives at WorldCon are desperate to make this year's Net Income higher. The Company has an expenditure which, with a very liberal reading of accounting rules, can be either expensed immediately (i.e., the entire amount shown as an expense) or depreciated over several years. To raise this year's Net Income what should these executives recommend, and what will the Cash Flow effects of the recommendation be? Assume that WorldCon pays no taxes so there will be no tax consequences of the accounting choice.

Group of answer choices

Expensing the entire amount this year will increase this year's Net Income.

Depreciating the expenditure over several years will increase this year's Net Income.

Depreciating the expenditure over several years results in higher Cash Flow this year compared to expensing.

Depreciating the expenditure over several years results in lower Cash Flow this year compared to expensing.

The accounting choice has no effect on Cash Flow.