Phil, a Corporate Controller, Was Preparing a Comprehensive Presentation of His

Phil, a corporate controller, was preparing a comprehensive presentation of his firm's financial statements for the board of directors. He suspected some members of the board would experience information overload, so he wanted to focus on creating value-added information as a strategy for reducing it. Which of the following is the best example of value-added information in this context?

A) An explanation of the company's inventory cost flow assumption (FIFO, LIFO) .
B) The difference between the direct and indirect methods of computing cash flow from operations.
C) The percentage change in this year's net income compared to last year's.
D) A list of steps in the accounting cycle.