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A Decrease in Deferred Taxes (Liability) Would Appear on the Statement

Question 148

Multiple Choice

A decrease in deferred taxes (liability) would appear on the statement of cash flows, prepared using the indirect method as a(n)


A) addition to net income in the operating activities category.
B) deduction to net income in the operating activities category.
C) inflow of cash in the financing activities category.
D) outflow of cash in the financing activities category.

Correct Answer:

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