A calculation of the net cash provided or used by operating activities that lists the major classes of operating cash receipts, such as receipts from customers, and subtracts the major classes of operating cash disbursements, such as cash paid for merchandise, is the: Indirect method of calculating net cash provided (or used) by operating activities. Cash basis of accounting. Classified statement of cash flows. Direct method of calculating net cash provided (or used) by operating activities. Net method of recording cash flows from operating activities. 1