Question: You are a public company that has a December 31 fiscal year-end each year. The second quarters of 2017 and 2018 ended on June 30. The third...

Question:

You are a public company that has a December 31 fiscal year-end each year. The second quarters of 2017 and 2018 ended on June 30. The third quarters of 2017 and 2018 ended on September 30. Per the provisions of §210.10-01(c)(3) of Regulation S-X, in preparing your interim statements of cash flows for the quarter ended September 30, 2018, providing statements for the period between June 30, 2018 and September 30, 2018 and between June 30, 2017 and September 30, 2017 is an acceptable presentation.

This statement is true or false? If false, please provide a one or two sentence explanation as to why the statement is false.