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:

Erik Erikson

A developmental psychologist known for his theory on the psychosocial development of humans.

Intimacy Versus Isolation

According to Erik Erikson, the central conflict or life crisis of early adulthood, in which a person develops an intimate relationship with a significant other or risks heading down a path toward social isolation.

Dual-Earner

Refers to households where both partners are employed and contribute financially.

Flexible Work

A work arrangement that allows for adjustments in work hours, locations, or duties, often to improve work-life balance.