Questions #$26-$ #$28$ use the following setup:

Suppose Marc Mobile Inc. makes cell phones at a cost of $$1,500$ today.

The phones are sold on credit for $$2,300$ next year.

The receivable will be paid in year two.

Here are a few statements about the cash flows v$.$s$.$ the accounting profits. Which of the following statements are true?

The cash flow for next year is zero.

True

False