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 activibes" section of the statement of cash flowiy using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments: b. Why is net cash fows from operating activites different than net income? Cash flows from operating activites is based on tof accounting. whereas net income is computed using of accounting