The presentation of the excess tax benefits related to stock options includes all of the following except:
A. Excess tax benefits are reflected in the cash from financing activities section of the statement of cash flows.
B. Excess tax benefits are shown as a reduction of income tax expense.
C. Presentation of excess tax benefits is guided by ASU 2016-09.
D. Excess tax benefits must be shown in both the statement of shareholders' equity and the statement of cash flows.
Answer: A
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