Help Save & The indirect method for the preparation of the operating activities section of the statement of cash flows: 18 Multiple Choice 01:38:30 Separately lists each major item of operating cash receipts. Separately lists each major item of operating cash payments. Reports net income and then adjusts it for items that do not affect cash is required if the company is a merchandiser. Saved Help Save & Exit Submit 18 Separately lists each major item of operating cash receipts 8 01:38:22 Separately lists each major item of operating cash payments Reports net income and then adjusts it for items that do not affect cash, is required if the company is a merchandiser Results in a different net cash amount provided by operating activities than the direct method