Which of the following statements regarding financial statements is not true?

a$.$ The balance sheet reports the financial position from the perspective of specific resources the company controls and the claims on the company by the persons or

entities that provided the resources.

b$.$ The statement of cash flows explains changes in the financial position in terms of accrual$-$based accounting.

c$.$ The statement of shareholders' equity reports owners' claims on the company and how those claims changed during the period.

d$.$ The elements of the income statement are measured in terms of changes in assets and liabilities.