Which of the following is included in the definition of a "tax position"?
A. It is reflected in measuring only current income tax payable.
B. It applies to only previously filed tax returns.
C. It applies only to annual periods.
D. It includes both current and deferred taxes and applies to future tax periods as well as previously filed tax returns.
Answer: D
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What is the NPV of the Boeing 787 Dreamliner project? The Boeing 787-8 can carry 230 passengers up to 8,200 nautical miles at a cruising speed of mach 0.85. The Dreamliner is more comfortable for passengers because of higher cabin humidity
Boeing completed construction on its final assembly plant at time t = 0 for a total cost of $7B. Boeing has secured orders for 865 aircraft over the next five years (t = 1 to t = 5 ) for total proceeds of $138.4B ($160M per aircraft). The cost of building each plane is $140M. Assume that cash flows (sales and costs) occur at the end of each year starting one year after the assembly plant was completed. The project cash flows are shown in the table, below. What is the NPV of the project if Boeing's cost of capital is 10%? Calculate the NPV as of time t=0. (Round answer to the nearest million). Year Capital Investment Annual Sales Annual Revenues Annual Costs Cash Flows t = 0 $7,000M -7,000 t = 1 173 27,680 24,220 3,460 t = 2 173 27,680 24,220 3,460 t = 3 173 27,680 24,220 3,460 t = 4 173 27,680 24,220 3,460 t = 5 173 27,680 24,220 3,460 A) $6,116M B) $8,069M C) $8,780M D) $8,967M E) $13,116M
The International Monetary Fund
A. buys foreign securities. B. can lend a country currencies to meet a surplus in its merchandise trade balance. C. holds a pool of currencies. D. developed to help the Federal Reserve control U.S. investments abroad.
An application component can be thought of as a(n) __________
a. subsystem b. purchased package c. middleware software d. unit of software
Answer the following statements true (T) or false (F)
1. As interest rates begin to rise, this provides motivation for companies to issue long-term debt. 2. The major suppliers of funds to the U.S. credit markets are foreign suppliers, mutual funds, and federal, state, and local governments. 3. Financial intermediaries help eliminate inefficiencies such as indirect investment by households. 4. Brokers on the organized stock exchange act as an agent for the person buying or selling securities. 5. Brokers actually own the securities they buy and sell on the floor of the exchange.