Which of the Following Statements Concerning the Statement of Cash

Multiple Choice

Which of the following statements concerning the statement of cash flows is not correct?

A) It classifies cash flows into operating, investing and financing activities.
B) It reports on the entity's cash flow position at a specific point in time.
C) It reports on the entity's cash flow performance over a period of time.
D) When compared with the income statement, the statement of cash flows shows how well the entity's profits are represented by cash inflows from operating activities.