Question: Statement 1: The amount for net cash from operating activities will be different depending on if the direct method or the indirect method is used

Statement 1: The amount for "net cash from operating activities" will be different depending on if the direct method or the indirect method is used to construct the statement of cash flows. Statement 2: The activity from the balance sheet to be presented in the investing activities section of the statement of cash flows is based on an analysis of the non-current assets.

A. Both statements are true

B. Both statements are false

C. Only statement 1 is true

D. Only statement 2 is true

Please provide a comprehensive explanation for your answer.

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