TCO F) Which of the following is not true?

A. Companies classify some cash transactions relating to investing or financing activities as operating activities.

B. Net income is not usually the same as net cash flow from operating activities under the accrual basis of accounting.

C. The FASB encourages the use of the indirect method over the direct method for the statement of cash flows.

D. Companies report cash flows from purchases and sales of securities as operating activities.