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.

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Definitions:

Radon Infiltration

The process by which radon gas, a radioactive and harmful substance, enters buildings from the ground.

Building Codes

Regulations set by local or national governments dictating the standards for construction practices and materials.

Exhaust Hoods

Devices designed to capture and vent airborne contaminants, steam, and combustion products from the air in kitchens, laboratories, and industrial facilities.

Indoor Air Pollution

Indoor air pollution is the contamination of indoor air by pollutants from various sources like building materials, furnishings, and activities inside, potentially causing health issues for inhabitants.