[Solved] Assume the indirect method is used to compute cash flows from operations. For each item listed below, indicate the effect on net income in arriving at cash flows from operations by choosing one of the following code letters. Pornographic Content: Material that depicts sexual activity or explicit erotic behavior designed to arouse. Homogenization of Culture: The process whereby local cultures are replaced or dominated by a dominant outside culture, leading to a reduction in cultural diversity. Fraudulent Misrepresentation: An intentional false statement of a material fact made by one party to another, with the intent to induce the other party to act or refrain from acting based on the falsehood. Contract: An agreement between two or more parties that is recognized and enforceable by law.