a. Major disadvantage of residual income approach is It can be used to compare performance of divisions of same sizes b. It can be used to compare performance of divisions of different sizes It cannot be used to compare performance of divisions of same sizes d. It cannot be used to compare performance of divisions of different sizes C. Select one: a. It cannot be used to compare performance of divisions of different sizes O b. It can be used to compare performance of divisions of same sizes O c. It can be used to compare performance of divisions of different sizes O d. It cannot be used to compare performance of divisions of same sizes Net Present Value (NPV) is involved with a. Cash flows not accounting income b. Both cash flows and accounting income c. Neither cash flows nor accounting income d. Accounting income not cash flows Select one: a. Both cash flows and accounting income b. Neither cash flows nor accounting income c. Cash flows not accounting income d. Accounting income not cash flows Accounting net income is based on accruals which a. Includes timing of cash flows b. Ignores timing of cash flows c. Measures only cash inflows d. Measures only cash outflows Select one: a. Measures only cash outflows b. Includes timing of cash flows c. Measures only cash inflows O d. Ignores timing of cash flows