Which statement regarding an ordinary (.e., deferred) annuity is true? Cash flows occurring at the beginning of the period are equal. Cash flows occurring at the beginning of the period run forever. Cash flows occurring at the end of the period are equal. Cash flows occurring at the end of the period run forever. Which of the following statements is INCORRECT? a time line is meaningful only if all cash flows occur annually. Time lines can be constructed even in situations where some of the cash flows occur annually but others occur quarterly. Time lines can be constructed for annuities where the payments occur at either the beginning or the end of periods. The cash flows shown on a time line can be in the form of annuity payments, but they can also be uneven amounts