Which of the following statements concerning cash flow budgets is not correct?

a. The cash flow budget only deals with actual cash transactions.

b. Cash flow budgets can be established for sales, cost of goods sold, selling expenses, and so forth.

c. Cash flow budgets have little effect on a business's decision to borrow money because it primarily measures cash needed to pay current expenses.

d. The cash flow budget can be prepared for any period of time.