Final answer:
SFAS 95 requires all entities, including public companies, to provide a statement of cash flows, making the claim that it is optional false.
Step-by-step explanation:
The statement that the Statement of Financial Accounts Standard No. 95 (SFAS 95) states that providing a statement of cash flows is optional for public companies is false. SFAS 95, which was issued by the Financial Accounting Standards Board (FASB), requires that a statement of cash flows be provided as part of a full set of financial statements for all entities, including public companies. This statement shows how changes in the balance sheet and income affect cash and cash equivalents, and breaks the analysis down to operating, investing, and financing activities.