[Solved] Which of the following statements is false? A)The method of preparing the Operating Activities section of a statement of cash flows that 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 that 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. Morphological Features: Traits or attributes of an organism's form and structure, including shape, size, and arrangement of parts, visible under a microscope or with the naked eye. Artiodactyls: A large group of hoofed mammals that includes both domesticated and wild species such as pigs, cattle, deer, and camels, characterized by an even number of toes. Cetaceans: A group of marine mammals including whales, dolphins, and porpoises, characterized by their fully aquatic lifestyle and typically large brains. Fossil Record: The collection of preserved remains or imprints of living organisms found in sedimentary rocks, which provides historical evidence for evolution.