Identify the Correct Statement Below

Multiple Choice

Identify the correct statement below.

A) Bank overdrafts are classified as long-term loans in Australia.
B) Commitments are disclosed on the statement of comprehensive income because they affect net profit but not cash flow.
C) Finance leases are accounted for as if the leased items had been purchased.
D) The expense associated with operating leases is reported on the cash flow statement under the category of investing activities.