Which of the following statements regarding the direct method for the statement of cash flows is inaccurate?

Multiple Choice

-When the statement of cash flows is based on the direct method, it must be accompanied by a reconciliation of net income to the net cash provided by operating activities.

-Most corporations use the direct method to prepare the statement of cash flows.

-The cash flows from investing activities and the cash flows from financing activities are the same under the direct and indirect methods

-The financial accounting standards board allows for the use of the direct method to prepare the statement of cash flows.