Item24 Time Remaining 1 hour 14 minutes 36 seconds 01:14:36 Item 24 Time Remaining 1 hour 14 minutes 36 seconds 01:14:36 Which of the following best describes the indirect method of preparing the operating activities section of the statement of cash flows? Multiple Choice Net income reconciled from accrual basis to cash basis. A list of cash inflows and cash outflows from transactions related to revenue and expense activities. A list of cash inflows and cash outflows from transactions with lenders and stockholders. A list of cash inflows and cash outflows from transactions involving the purchase and sale of long-term assets and current investments.