Answer:
D. $19 million
Explanation:
The computation of the deferred tax liability for three years is shown below:
Total depreciation would be $60 million
For each year it would be = $60 million ÷ 3 years = $20 million
For the first year, it would be
= $20 million × 35%
= $7 million
For the second year, it would be
= $20 million × 30%
= $6 million
the first year, it would be
= $20 million × 30%
= $6 million
So, the total would be
= $7 million + $6 million + $6 million
= $19 million
Under US GAAP, the cash flows that should be included in the Investing Section of the Statement of Cash Flows are purchases of physical assets, investments in securities, or the sale of securities or assets.
This implies that US GAAP does not allow interest paid or received and dividends received to be classified under the Investing Section, unlike IFRS that gives entities the flexibility to classify the above items as either investing or financing activities.
Instead, the US GAAP requires that the above items are classified as operating cash flows.
Thus, the only cash flows that are included in the Investing Section of the statement of cash flows under US GAAP are cash flows (inflows and outflows) related to long-term physical assets and investments.
Learn more about the Investing Section of the statement of cash flows under US GAAP here: brainly.com/question/18568838
It depends.
If it is a natural supply demand situation, then the makers of apple pies should lower their prices.
Or
They should make fewer pies because all the apple pie makers are going to choose making apple pies because of reduced costs.
In the market place, you can strive to make a profit, but you should never be greedy.
<span>i believe the answer is
D. Both A and C </span>
