Which of the following is true? The choice of LIFO versus FIFO will a. affect both net income and cash flow from operations Ob not affect net income but wil affect cash flow from operations Oc affect net income but will not affect cash flow from operations, d. not affect net income or cash flow from operations QUESTION 18 Use the following information to answer Questions 18 and 19 Schwerin Corporation reports the following on its 2005 financial statements 2005 From statement of cash flow Cash proceeds from sale of equipment S100 million Carb outflow for purchase of equipment 170 million Depreciation 50 million Gain from sale of equipment 40 nullion The netbook value of equipment sold was O 5100 million b.5120 million C 580 milion d. 560 million A