All of the Following Statements Are True, EXCEPT

Multiple Choice

All of the following statements are true, EXCEPT

A) to analyze operations properly you need both the Statement of Income and the Statement of Cash Flows.
B) in the long run total profits and net cash flows will be very similar.
C) the Statement of Cash Flows considers events that the Statement of Income does not.
D) the Statement of Cash Flows and the Statement of Income both cover the period of a year because profits and cash flows are very similar over the period of a year.