a$.$ Prepare the "Cash flows from $($used for$)$ operating activities" section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out

flows, cash payments, decreases in cash, or any negative adjustments.

Statement of Cash Flows $($partial$)$

b$.$ Why is net cash flows from operating activities different than net income?

Cash flows from operating activities is based on

of accounting, whereas net income is computed using

of accounting.Cash flows from $($used for$)$ operating activities$-$indirect method

The income statement disclosed the following items for the year:

The changes in the current asset and liability accounts for the year are as follows:

a$.$ Prepare the "Cash flows from $($used for$)$ operating activities" section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out

flows, cash payments, decreases in cash, or any negative adjustments.

Statement of Cash Flows $($partial$)$