Which statement below is not true?

(a) The income from assets disposals is normally non-recurring

(b) It is difficult to manipulate net income since it is accrual based

(c) A sharp increase of receivables during the period may reveal that the company has a weakened negotiation power vis-a` -vis its customers

(d) When operating cash flow is much larger than net income, we may expect high future growth from the company.

AppendixLO1