Which of the following statements is CORRECT?

	A.	If a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow.
	B.	Free cash flow (FCF) is, the cash flow that is available for investment in current and fixed assets.
	C.	Two firms with identical sales and operating costs but with different amounts of debt will have different operating incomes by definition.
	D.	Even though depreciation is not a cash charge, it does have an effect on a firms reported profits.
	E.	Retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers.