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A ski resort with a calendar year-end is likely to have: O unpredictable fluctuations in cash flow from quarter to quarter. the largest cash

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A ski resort with a calendar year-end is likely to have: O unpredictable fluctuations in cash flow from quarter to quarter. the largest cash inflow from operating activities in the second and third quarters (April - September). a fairly stable cash flow across all four quarters. the largest cash inflow from operating activities in the fourth and first quarters (October-March). none of the above.

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