Which of the following statements is correct? O Accrual- based net income can be manipuiated because it is based on estimates O Cash fows are easily manipulated because they are based on estimates net income is not easily manipulated because valuation for such items as bad debls and iniventory are precise and based on objectively venfiable information inventory are precise and based on objectively ventiable information. O Cash tows are not easily manipulated because they are generated by internal transactions and do not invole external partien