The direct 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 and cash payments. Reports adjustments to reconcile net income to net cash provided or used by operating activities in the statement. Reports a different amount of cash flows from operations than if the indirect method is used. Is required if the company is a merchandiser. Is required by the FASB.

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration