Which one of the following statements is true?A. The statement of cash flows reports the cashreceipts but not cash payments of an entity over a period oftime.B. Both the statement of cash flows and the incomestatement determine the net income for a company. C. Transactions affecting the sale and the purchase or production ofgoods and services are reported in the financing activities sectionof the statement of cash flows.D. Investing activities in the statement of cash flowsinclude acquiring and selling long-term assets.