Which of the Following Is Not True Regarding the Statement

question 28

Multiple Choice

Which of the following is not true regarding the statement of cash flows?

• A) It reports the impact of a firm's operating, investing, and financing activities on cash flows during the accounting period.
• B) It discloses items that affect the balance sheet, but do not show up on the income statement, such as issuance of stock.
• C) It is not a required component of a company's external financial statements.
• D) It explains how cash changed from the end of the previous year to the end of the current year.