Which of the Following Statements About the U

Multiple Choice

Which of the following statements about the U.S. GAAP is true?

A) In terms of cash flow statement- cash includes overdrafts and cash equivalents with short-term maturities.
B) In terms of income statement, certain items must be presented on the face of the income statement.
C) In terms of exceptional items, individually significant items should be presented on the face of the income statement.
D) In terms of cash flow statement, format and method- there are standard headings but limited flexibility of contents.