Duval Motors reported the following amounts related to income taxes on its 2008 income statement.
Income tax benefit from NOL carryback . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $15,000
Income tax benefit from NOL carryforward . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,000
Duval also reported the following on its December 31, 2007 and 2008, balance sheets.

1. If Duval uses the indirect method of reporting cash flows, what information concerning income taxes would Duval include in its statement of cash flows and related disclosure?
2. If Duval uses the direct method of reporting cash flows, what information concerning income taxes would Duval include in its statement of cash flows and relateddisclosure?

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2008 2007 Deferred tax asset-NOL carryforward$31.000 0 5,000 5,000 Income tax refund receivable