During His Examination of a January 19, 2008 Cutoff Bank

During his examination of a January 19, 2008 cutoff bank statement, an auditor noticed that the majority of checks listed as outstanding at December 31, 2007, had not cleared the bank. This would indicate:

A) a high probability of kiting.
B) a high probability of lapping.
C) that the 2007 cash disbursements records had been closed prior to December 31, 2007.
D) that the 2007 cash disbursements records had been held open past December 31, 2007.