Question Content AreaThe income statement is an important financial statement for all of the following reasons, except

a$.$ past income statements can be useful indicators in predicting current and future cash dividend payments as well as future stock prices.

b$.$ the income statement helps shareholders evaluate management's operating effectiveness.

c$.$ the income statement provides useful information concerning the corporation's ability to generate sufficient cash flows from operations for use in payment of its operating obligations.

d$.$ the income statement reports the amount of net cash inflows resulting from operating, financing, and investing activities to users.