Which of These Is Not the Theoretical Argument Set Out

Multiple Choice

Which of these is not the theoretical argument set out by Bowen,Burgstahler and Daley with respect to profits and cash flow as explanatory variables for price?

A) Both profits and cash flow are individually and incrementally important
B) Both profits and cash flow are individually important,but profits are more incrementally important
C) Both profits and cash flow are individually important,but cash flow is more incrementally important
D) Both profits and cash flow are individually important,but neither is incrementally important