Cash Flows from (Used for) Oberating Aativities The income stotement disclosed the following items for the vear The changes in the curren asset and liabety accounts for the vear ace as follows quthows, cash payments, decreases in canh, or any negative adjustminten. a. Prepare the Cash Flows from (used for) Oberating Activities section of the staterient of canh fows, who the indirect method. Use the minus sign to indicate cash outfows, cash posyments, decreases in cash, of any negative acjustments. Statement of Cash Flows (partial) b. Why a netcosh flows from operoting activities deferenc than net income? Cain fows from operating activites is based on of accounting, whereas net income is computed using of accounting