Which of the following is false with respect to the Statement of Cash Flows? A) Increases in accounts receivables, increases in inventories and increases in accounts payables all generate cash inflows for the period. B) Decreases in accounts receivables, decreases in inventories, and increases in payables will all result in cash inflows from operations. C) Noncash expenses, like depreciation and amortization expenses, as well as, nonoperating losses are added back to net income to arrive at cash flows from operating activities. D) Cash flows from operating activities convert the company's net income to cash by adjusting earnings for noncash expenses, nonoperating gains/losses, and accruals taken on operating items from the balance sheet. What is a major difference between the income statement and the statement of cash flows? A) The statement of cash flows refers to a single point in time, rather than a period of time like a month, quarter or year for the income statement. B) The statement of cash flows provides a breakdown of revenues, expenses, and profits. C) The income statement is prepared for a single point in time, rather than a period of time like a month, quarter or year for the statement of cash flows. D) The statement of cash flows excludes noncash revenues and expenses