1. Does the firm employ the direct or indirect method of accounting for operating cash flows? Like most companies, GE uses the indirect method to report it operating cash flows. 2. How does the firm account for the balances in balance sheet operating accounts (e.g., accounts receivable, inventory, accounts payable) in determining operating cash flows? 3. Describe the accounting for cash paid for business acquisitions in the statement of cash flows? 4. Describe the accounting for any noncontrolling subsidiary interest, acquired in-process research and development costs, and any other business combination-related items in the consolidated statement of cash flows