Which of the Following Is False with Regard to IFRS

Multiple Choice

Which of the following is false with regard to IFRS and the statement of cash flows?

A) The IASB is strongly in favor of requiring use of the direct method for operating activities.
B) In certain circumstances under IFRS, bank overdrafts are considered part of cash and cash equivalents.
C) IFRS requires that noncash investing and financing activities be excluded from the statement of cash flows.
D) All of the above statements are false with regard to IFRS and the statement of cash flows.