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 outflows, cash payments, decreases in cash, or any negative adjustments. Statement of Cash Flows (partial) Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Net cash flows from operating activities b. Why is net cash flows from operating activities different than net income? Cash flows from operating activities is based on of accounting. of accounting, whereas net income is computed using

a. Frepere the Cosh Flows from (Used for) Operating Activilies section of the statement d cash fiows, using the indirect imethod, Use the menus sign to indicate cash outflows, cash payments, decreases in cash, or any negatve adjustments. Statement of Cash Flows (partial) b. Why is net cash flows from operating activities delferent then net income? Cash fows from operating activities is based on of actounting, bferess net income is camputed iaing of occounting Cash Flows frem (Used for) Operating Astivities The income statement dicloted the following itemi for the year1 The changes in the current asset and lisbility accounts for the vear are as foltons