Which item is not correct with respect to the treatment of sustainable and transitory items and a company's income statement?

Multiple Choice

The income statement isolates a key figure called $$income from sustainable operations.$$

Income statements prepared in accordance with GAAP differentiate between income components that are believed to be sustainable and those that are transitory.

Transitory items are disclosed separately on the income statement so that statement users can place less weight on these earnings components when forecasting future profitability.

Financial reporting assists statement users in forecasting future cash flows by providing an income statement format that segregates components of net income.