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Which of the following statements is CORRECT? Select one: O a. Because companies are required to follow GAAP, two firms in exactly the same operating situation will have exactly the same financial statement b. The emphasis in finance is on the determination of accounting income since the value of a firm is determined by the net income generated. O c. Even if a firm follows generally accepted accounting principles (GAAP), its reported net income can be different from its reported net cash flow. d. The income statement shows us the firm's financial situation at a given point in time. e. The statement of cash flows tells us how much cash the firm has in the form of currency and demand deposits. O