Nelson Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: 
The change in Accrued Liabilities will be shown as a negative cash flow in the adjustments to Net Income.
Definitions:
Civil Law
A legal system based on written codes and statutes, in contrast to common law, which is based on judicial decisions.
McCarran-Ferguson Act
A United States federal law that exempts insurance businesses from most federal regulation, allowing states to regulate the insurance industry.
Antitrust Legislation
Laws designed to promote fair competition and prevent monopolies, conspiracies, and other situations that restrain trade.
Judicial Law
Laws created by judges through court decisions and interpretations rather than those enacted by legislative bodies.
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