问题
单项选择题
The price to cash flow (P/CF) model has grown in popularity for all of the following reasons EXCEPT:（）
A. CFs are more easily estimated than future dividends.
B. CFs are generally more difficult to manipulate than earnings.
C. CFs may be used for firms that have negative earnings per share or do not pay dividends.
答案
参考答案：A
解析：
CFs are not easier to estimate than dividends.