Which statement about the statement of cash flows is FALSE?

A.

The indirect method of preparing the statement of cash flows is used by the vast majority of companies in the United States.

B.

The change in the Cash account on the comparative balance sheets is the check figure for the statement of cash flows.

C.

The statement of cash flows is based on information from a company's income statement only.

D.

The statement of cash flows is based on information from several financial statements.