The DAB Corp

question 24

Multiple Choice

The DAB Corp.has unfortunately accumulated net operating losses of $70 million and is likely to go bankrupt.The CLC Corp.has earnings of $200 million and is in the 36% marginal tax bracket.CLC is considering buying DAB and liquidating the company and retaining a few of the assets.What is the minimum value of DAB to CLC?

• A)$25.2 million
• B)$70.0 million
• C)$72.0 million
• D)There is insufficient information provided.

---

Definitions:

True

A logical value indicating truth or acceptance in boolean logic or conditions.

LESS THAN Instruction

A programming operation used to compare two values, resulting in a Boolean output that is true if the first value is less than the second.

True

In programming and digital logic, a condition or value representing truth, often equated to 1 or high state.