Which of the following statements is/are not true?
A) The statement of cash flows reports flows, or changes in cash over time.
B) The balance sheet reports changes in the amounts of cash over time.
C) The last few lines of each statement of cash flows report the amount of cash on each firm's balance sheet at the beginning and the end of each period.
D) Both U.S.GAAP and IFRS require that the statement of cash flows explain changes in cash and cash equivalents.
E) All of the above are not true.
Correct Answer:
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