Which of the following statements is are true I For cash fl

Which of the following statements is (are) true: I : For cash flow, prediction of inflows and outflows of money is not important. II: Cash flow is about having a good idea when money comes in and when it goes out.

Statement I is false; Statement II is true
Statement I is true; Statement II is false
Both statements are false
Both statements are true

Solution

Statement I is false; Statement II is true
Prediction of inflows and outflows are important in cash flows