【正确答案】 C

【答案解析】Long-term cash flow forecasts are derived from projected income statements and balance sheets for future years that are based on statistical models of sales, credit collections, and input costs, as well as planned capital expenditures, asset sales, and financings. Pro-forma income statements can be affected by projected capital expenditures (through expected depreciation expense) and financing ( through interest expense) but long-term cash flow forecasts are more directly affected by expected capital expenditures and financing activities. Operating cash flows are not directly affected by financing and capital spending decisions (only indirectly through interest and taxes), which are classified as financing and investing activities, not operating activities.