Which of the Following Statements About the Cash Flow Statement

Multiple Choice

Which of the following statements about the cash flow statement is FALSE?

A) The indirect method begins with profit and adjusts to calculate operating cash flows.
B) Both the direct and indirect methods include three types of cash flows.
C) The operating activities section of both the direct and the indirect method is the same.
D) The indirect method and the direct method will produce the same amount of cash flow.