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In preparing a statement of cash flows under the indirect method; which of the following correctly explains why changes in current assets and changes in

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In preparing a statement of cash flows under the indirect method; which of the following correctly explains why changes in current assets and changes in current liablities are adjustments made to net income in calculating operating cash flows? Multiple Choice These changes represent inflows and outfiows from operating activities. These changes represent differences between accrual-basis revenues or expenses and their corresponding operating cash flows. These changes represent inflows and outfiows from investing and financing activites These changes represent transactions that are unlkely to recur and verefore ore uniply to affect future operating cash flows

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