Impact of Transactions Involving T ax Liabilities on Statement of Cash Flows In the following list, identify each item as operating (O), investing (I), financing (F), or not separately reported on the statement of cash flows (N). For items identified as operating, indicate whether the related amount would be added to or deducted from net income in determining the cash flows from operating activities.
____________ Decrease in taxes payable
____________ Increase in deferred taxes