Which of the following is true about the difference between the income statement and cash inflows and outflows?

Multiple select question.

Cost of raw materials purchased on credit are accounts payable rather than cash outflows until they are paid, which may be in a different period.

Income taxes are often deferred, so the amount on the income statement may not represent the amount of the check to the IRS.

Sales on credit are accounts receivable rather than cash inflows until they are collected, which may be in a different period.

Depreciation expense is equal to the installment payment on the equipment being depreciated, so it is a cash outflow.