Cash Flows from (Used for) Operating Activities The income staternent disclosed the following items for the year: The changes in the current asset and lability accounts for the year are as follows: a. Prepare the Cash Flows from (used for) Opereting Activities section of the statement of cash flows, using the indirect method. Use the minus aign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. a. Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash fows, using the indirect method. Use the minus sign to indicate cash outfiows, cash payments, decreases in cash, or any negative adjustments. b. Why is net cash flows from operating activities different than net income? Cash flows from operating activities is based on Iof accounting, wheres net incoove is computed using of sccounting