Which statement regarding the statement of cash flows is correct?

a$.$ The statement of cash flows reflects cash flows from operations and from

investing, but it does not reflect cash used for share repurchases.

b$.$ The statement of cash flows reflects cash flows from operations, but it does

not reflect the effects of transactions involving short$-$term financial

investments.

c$.$ The statement of cash flows reflects cash flows from continuing operations,

but it does not reflect the effects of changes in working capital, like accounts

payable.

d$.$ The statement of cash flows separates a company's activities into three

categories$-$operating, investing, and financing$-$and shows how much the

firm's cash increased or decreased during a given year.