Which of the following statements is correct?

Select one:

A.

The direct approach and the indirect approach are two alternative methods of presenting cash flows from investing activities

B.

FASB recommends using the indirect method of preparing the statement of cash flows while the method used by the majority of firms is the direct method

C.

The Indirect Method of presenting the Cash Flow Statement is not allowed by the SEC. If companies show their Cash Flow Statement using this method, they also have to show the Cash Flow Statement using the Direct Method

D.

When it comes to the Financing and Investing Activities sections of the Cash Flow Statement, there is no difference between the Direct and Indirect Method of Cash Flow Statement reporting