Use the Table for the Question(s)below

question 17

Multiple Choice

Use the table for the question(s) below.
Consider the following income statement for Kroger Inc.(all figures in $ Millions) :
-The interest rate tax shield for Kroger in 2004 is closest to:

• A)$268 million.
• B)$393 million.
• C)$211 million.
• D)$94 million.

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Definitions:

Purchase-Money Security Interest

A legal claim or lien on collateral that secures payment of the price of goods bought.

Secured Interests

legal claims or liens on collateral property or assets that secure the repayment of a debt or obligation.

Purchase-Money Security Interest

A security interest or claim on property that secures repayment of the money used to purchase the property, commonly seen in secured transactions.

Financing Statement

A document filed to give public notice of a security interest in personal property, securing payment or performance of an obligation.