Assume the statement of cash flows is being prepared on an indirect basis. This implies that the cash provided or used from operating activities is reconciled from: Cash basis and then adjustments are made to arrive at accrual basis. Accrual basis and then adjustments are made to arrive at cash basis.

Assume the statement of cash flows is being prepared on an indirect basis. This implies that the casi) provided or used from operating activities is reconciled from: Cash basis and then adjustments are made to arrive at accrual basis. Accrual basis and then adjustments are made to artive at cash basis