The Direct Method for the Preparation of the Operating Activities

The direct method for the preparation of the operating activities section of the statement of cash flows:

A) Separately lists each major item of operating cash receipts and cash payments.
B) Reports adjustments to reconcile income to net cash provided or used by operating activities in the statement.
C) Reports a different amount of cash flows from operations than if the indirect method is used.
D) Is required if the company is a merchandiser.
E) Is required by the IASB.