Which of the following statements concerning the statement of cash flows is false?

a. Like the income statement, the statement of cash flows reports operational results over some period of time.

b. The statement of cash flows draws on information from both the income statement and the balance sheet.

c. The statement of cash flows has three major sections plus a reconciliation section at the bottom.

d. The most important line on the statement of cash flows is the bottom line, the net increase (decrease) in cash.

e. The first section focuses on cash flows from operating activities.