During His Examination of a January 19, 2015 Cutoff Bank

During his examination of a January 19, 2015 cutoff bank statement, an auditor noticed that the majority of cheques listed as outstanding at December 31, 2014 had not cleared the bank. This would indicate

A) a high probability of lapping.
B) a high probability of kiting.
C) that the cash disbursements journal had been held open past December 31, 2014.
D) that the cash disbursements journal had been closed prior to December 31, 2014.