Which of the following statements is untrue regarding the statement of cash flows?

a) Either the direct or the indirect method can be used to calculate and present the net cash increase or decrease from operating activities.

b) Noncash transactions sometimes are reported also.

c) The statement of cash flows presents information about cash flows that the other statements either (a) do not provide or (b) provide only indirectly.

d)The indirect method derives cash flows indirectly by starting with sales revenue and "working backwards" to convert that amount to a cash basis.