Recall that a firm$$s cash flow is a matter of fact whereas earnings are a matter of opinion. Which of the following are permissible management decisions that would have a positive impact on earnings but no impact on cash flow? Select ALL that apply.

Group of answer choices

Reducing allowances of G&A $($General & Administrative$)$ expenses e$.$g$.$ uncollected accounts receivable and projected losses from liability lawsuits.

Extending the useful lives of equipment to reduce depreciation expense.

Increasing dividends on common stock.

Overstating sales revenue or understating COGS.

Paying off long term debt.

Switching inventory accounting from LIFO to FIFO.

Issuing common stock.Recall that a firm$$s cash flow is a matter of fact whereas earnings are a matter of opinion. Which of the following are permissible management decisions that would have a positive impact on earnings but no impact on cash flow? Select ALL that apply.

Group of answer choices

Reducing allowances of G&A $($General & Administrative$)$ expenses e$.$g$.$ uncollected accounts receivable and projected losses from liability lawsuits.

Extending the useful lives of equipment to reduce depreciation expense.

Increasing dividends on common stock.

Overstating sales revenue or understating COGS.

Paying off long term debt.

Switching inventory accounting from LIFO to FIFO.

Issuing common stock.