Which of the following financial statement descriptions is inaccurate?

a. Balance Sheet—shows the organization’s financial position for a period of time.

b. Income Statement—shows what the organization’s earnings were for a period time.

c. Statement of Cash Flows—shows what the organization’s receipts and disbursements were for a period of time.

d. Statement of Owners’ Equity—shows the investments by and distributions to owners for a period of time.

e. All of the above descriptions are accurate.