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XYZ Corp. had a $45 million increase in its deferred tax (current) liability for the current year. The correct treatment on the statement of cash
XYZ Corp. had a $45 million increase in its deferred tax (current) liability for the current year. The correct treatment on the statement of cash flows for this item is which of the following?
1. operating cash inflow under the direct and indirect methods
2. operating cash outflow under the direct method (only).
3. operating cash inflow under the indirect method (only)
4. operating cash outflow under the direct and indirect methods
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