Which Statement Is False? Current GAAP

question 13

Multiple Choice

Which statement is false? Current GAAP

• A) requires that the cash flows from extraordinary items be reported as investing or financing activities and not be included in net cash flow from operating activities
• B) states that cash flow per share must not be reported in a company's financial statements
• C) states that under the indirect method, a company must report its operating cash inflows separately from its operating cash outflows
• D) requires that the cash inflows and cash outflows for related investing activities as well as related financing activities be shown separately and not netted against each other

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