Which of the following is not true?

A.The Statement of Cash Flows needs to be completed first, in order for the other financials to be linked.

B.Understanding how the financial statements articulate, helps us to analyze transactions and events and to understand how events affect each financial statement separately and all four together.

C.Net income reported on the income statement is linked to the statement of retained earnings, which in turn is linked to the balance sheet.

D.Articulation refers to the fact that the four financial statements are linked to each other and that changes in one statement affect the other three.