The essential difference between the statement of cash flows and the income statement is that O A. the income statement is prepared for external users, whereas the statement of cash flows is prepared for internal users O B. the income statement is based on the accruals concept, whereas the statement of cash flows reports cash received and paid O C. the statement of cash flows only deals with items measurable in money terms, whereas the income statement also includes non-monetary items O D. the statement of cash flows is a forecast of the future, whereas the income statement reports on historical events