Use the Table for the Question(s)below

question 26

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 2006 is closest to:

• A)$187 million.
• B)$332 million.
• C)$534 million.
• D)$179 million.

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Definitions:

Transfer of Possession

The act of moving the control or ownership of property from one person to another.

Disclaimer of Liability

A statement that seeks to limit one’s responsibility for any harm or damage that may occur from the use of a service or product.

Bailment

A legal relationship where physical possession of personal property is transferred from one person to another, with the understanding that the property will be returned.

Disclaimer of Liability

A statement that specifies or limits the extent to which a party can be held responsible for any damages or losses incurred.