Final answer:
Companies more commonly use the Indirect method for preparing the SOCF since it is simpler and less time-consuming to prepare compared to the Direct method.
Step-by-step explanation:
The method of putting together the Statement of Cash Flows (SOCF) that is more often used by companies is the Indirect method. This method starts with net income and adjusts for non-cash transactions, changes in working capital, and other operating activities to arrive at the cash provided by operating activities. It is preferred by many companies because it is easier to prepare, as it involves fewer adjustments to net income, and is less time-consuming than the direct method. The direct method, while providing more detailed information, requires a thorough tracking of all cash receipts and payments, which can be more complex to compile.