The indirect method for the preparation of the operating activities section of the statement of cash flows: Multiple Choice Separately lists each major item of operating cash receipts. Separately lists each major item of operating cash payments. Reports net income and then adjusts it for items that do not affect cash. Is required if the company is a merchandiser. Results in a different net cash amount provided by operating activities than the direct method.

Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.