A Decrease in Deferred Taxes Liability Would Appear on the Statement

question 100

Multiple Choice

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

• 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.

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Definitions:

Dry-Farming Techniques

Agricultural methods that involve the cultivation of crops without irrigation in regions with limited moisture, focusing on conservation of soil moisture.

Deserts of Australia

Arid and semi-arid regions in Australia covering a significant portion of the country's landscape, known for their unique ecosystems and biodiversity.

Kaiser Wilhelm II

The last German Emperor (Kaiser) and King of Prussia, reigning from 1888 to 1918, his policies are often cited as contributing to the outbreak of World War I.

Buffalo Bill

William Frederick Cody, known as Buffalo Bill, an American soldier, bison hunter, and showman who founded Buffalo Bill's Wild West show.