Which of the Following Statements Is Not Accurate

question 4

Multiple Choice

Which of the following statements is not accurate?

• A)Household results are provided on a cash flow statement while business results are provided on an income statement.
• B)Business accounting under GAAP attempts to report income and expenses,whether or not in cash,for a fair presentation.
• C)For household reporting of results,only cash matters.
• D)All of the above statements are accurate.
• E)None of the above statements are accurate.