Answer:
Increase of 130 million
Explanation:
In this question, we are looking to evaluate what has happened to change in deferred tax assets. We proceed as follows;
Firstly, we calculate the current tax.
Mathematically = 40% of 400 million = 40/100 * 400 million = 160 million
Now, as we can see in the question, a decrease in deferred tax asset resulted in an increase in tax expense to a tune of $50 million
This brings the total tax expense to 160 million + 50 million = 210 million
We can see from the question that the company has only recognized a tax expense of $80 million.
This means that the change in deferred tax asset was an increase of 210 million- 80 million = $130 million
Answer:
Option A
Explanation:
As per the uniform commercial code set by the appropriate government agency of America, delivery of any commodity whether tangible or intangible should take place at the business facility of the supplier. Such facility could be a warehouse or a shop etc. However this is a guideline and not a rule which must be followed.
Thus, from the above we can conclude that the correct option is A.
