Which of the following statements is false?

	a.	The method of preparing the operating activities section of a statement of cash flows which adjusts net income to remove the effects of deferrals and accruals for revenues and expenses is the indirect method.
	b.	The method of preparing the operating activities section of a statement of cash flows which reports major classes of gross cash receipts and cash payments for revenues and expenses is the direct method.
	c.	The FASB prefers the direct method of preparing the operating activities section of the statement of cash flows.
	d.	Most companies use the direct method of preparing the operating activities section of the statement of cash flows.