When preparing the statement of cash flows, the amount of net cash flow from operating activities differs between the direct and indirect methods True False The only part that differs in a statement of cash flows prepared by the direct method from one prepared by the indirect method is the ________ A. operating activities section B. non-cash investing and financing activities section C. financing activities section D. investing activities section Taylor Chemicals Company follows the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet Taylor Company Comparative Balance Sheet December 31, 2017 and 2016 Net Income for the year was $92,000. Based on the above information, determine the amount of dividends declared during 2016. $92,000 $62,000 $30,000 $3, 200 To complete the statement of cash flows, the net change in cash and cash balances must be shown. True False