Which of the following statements concerning the statement of cash flows is not correct?

Select one:

a. It reports on the entitys cash flow position at a specific point in time.

b. It reports on the entitys cash flow performance over a period of time.

c. It classifies cash flows into operating, investing and financing activities.

d. When compared with the income statement, the statement of cash flows shows how well the entitys profits are represented by cash inflows from operating activities.