D Question 7 Match the following terms with the appropriate definitions/examples. Each answer is used once! [Choose Direct Method Cash Flows from Financing Activities [Choose Presents the operating activities section of the cash flow statement by adjusting net income to compute cash flows Reports the components of cash flows from operating activities as gross receipts and gross payments. Cash inflows and outflows related to the sale or purchase long-lived assets, Cash inflows and outflows related to owners and lenders external to the company, Cash inflows and outflows related to components of net income Cash Flows from Investing Activities Indirect Method Choose Cash Flows from Operating Activities