Which of the following sentences regarding the statement of cash flows is false?

a$.$ The statement of cash flows describes the company's cash receipts and cash payments for a period of time.

b$.$ The statement of cash flows reconciles the beginning and ending cash balances shown on the statement of financial position.

c$.$ The statement of cash flows may be used by creditors to assess the creditworthiness of a company.

d$.$ The statement of cash flows reports cash flows in three categories: cash flows from business activities, cash flows from investing activities, and cash flows from financing activities.