are the two formating options for reporting the operating activities section of the statement of cash fows? Explain both formats (Click the icon to wew a list of possible explanations) 1 (Select the two formatting options and the explanation that best descExplanations Formatting options Explanatiorn a. Aggregate accrual-basis net income from the income statement is converted to cash generated from operating activities by applying a series of adjustments or reconciling items to the net income figure 2. Accrual method Cash method Direct method Indirect method seres of adjustments or reconciling items are made to the net income fgure to arive at the actual cash in bank cis proferred by the FASB, but is the least popular in practice at this time d. Is preferred by both GAAP and FASB and has always been the least popula in practice Print Done Choose from any drop-down ist and then continue to the next