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.

Kendra knight took part in a friendly game of touch football. she had played before and was familiar with football. michael jewett was on her team. in the course of play, michael bumped into kendra and knocked her to the ground. he stepped on her hand, causing injury to a little finger that later required its amputation. she sued michael for damages. he defended on the ground that she had assumed the risk. kendra claimed that assumption of risk could not be raised as a defense because the state legislature had adopted the standard of comparative negligence. what happens if contributory negligence applies? what happens if the defense of comparative negligence applies?