[Solved] Which of the following statements is NOT true? A) The statement of cash flows does not replace the income statement. B) The statement of cash flows provides details as to how cash changed during a period. C) The statement of cash flows provides information about cash receipts and cash payments over a period of time. D) The statement of cash flows measures profitability. Arbitration: A method of dispute resolution involving a neutral third party who renders a binding decision. Bylaw: A rule or law established by an organization or community to regulate itself, as long as it fits within the laws of the higher government. Pornographic Movies: Films that depict sexual content with the intention of sexually arousing the audience. Town Council: The governing body of a town, responsible for local policies, regulations, and community services.