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5/19/16, 9:22 PM
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Academic Year 2016-17 / Term 1 / FADM_171_Moh / Topic 12 / Quiz 2 - due 7pm May 22 / Preview
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Question
Mill Valley Analytics, Inc. is a marketing analytics
Not yet
company based in northern California that recently
answered
listed its common stock on NASDAQ in an initial
Marked out of
public offering (IPO). The registration documents for

the IPO provided a balance sheet constructed as of
6.00
December 31, 2015. This balance sheet included two
Flag
customer lists, each with a value of $2 million. Which
question
of the following is least likely to be a correct
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statement about these intangible assets?
31 32 33
Select one:
Finish attempt ...
a. One of the aforementioned customer lists was
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acquired directly from another company.

b. One of the aforementioned customer lists was
acquired as part of the acquisition of another
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company.
c. One of the aforementioned customer lists was
! Current course
assembled by employees of Mill Valley's
! FADM_171_Moh
Participants
marketing department.
! General
d. As of 31 December 2015, Mill Valley Analytics
! Class Project
may have possessed other customer lists that
- due May 27 at
weren't included in the 2014 year-end balance
5pm
sheet.
! SESSION-1
! SESSION-2
! SESSION-3
Question
! SESSION-4
Not yet
Capitan operating system (the successor to Yosemite)
! SESSION-5
answered
was far enough along in its technical development
! SESSION-6
! SESSION-7
! SESSION-8
! SESSION-9
! SESSION-10
! Topic 12
Marked out of
1.00
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question
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On April 1st, 2015, Apple announced that its new El
that the company would begin capitalizing the

systems development costs in the third and fourth
quarters of 2015. (Apples fiscal year ended on
September 30, 2015.) Assume for simplicity that El
Capitan began shipping on October 1st and that no
further development work is needed after that date.
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Quiz 2 - due
The amortization horizon for capitalized software
7pm May
costs is three years. Which of the following
22
statements incorrectly describes the accounting

effects of Apples decision to capitalize development
! My courses
costs in the third and fourth quarters of the 2015

fiscal year?
Administration
Select one:
% Quiz
a. The decision to capitalize El Capitans
administration
development costs in Q3 and Q4 increases
Edit settings
reported assets in the balance sheet dated
Group
September 30, 2015.
overrides
b. The decision to capitalize El
User
Capitan's development costs in Q3 and Q4 will
overrides
increase reported assets in the balance sheet
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dated September 30, 2016.
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c. The decision to capitalize El Capitans
! Results
development costs in Q3 and Q4 lowers reported
Locally
net income in the income statement for the fiscal
assigned roles
year ending September 30, 2015.
Permissions
Check
permissions
Question
Filters
Not yet
treatment of Research and Development
Logs
answered
expenditures. Under the company's current policies,
Backup
Marked out of
all research and development expenditures are
Restore
8.00
expensed. Dr. Reddys Laboratories Ltd. report the
! Question
bank
! Course
administration
! Switch role
to...
! My profile
settings
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question
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The next two questions pertain to Dr.Reddys
following information on their income statement.

in Rs. millions
2013
2014
2015
Research and
3552
2462
4232
1629
9327
4678
Development Expense
Net Profit
The following information is extracted from the

balance sheet
in Rs. millions
2014
2015
Total Assets
85,919
85,445
Total Stockholders Equity
41,578
47,067
Suppose the company is considering capitalizing (as

opposed to expensing) research and development
costs. G. V. Prasad, the CEO, has asked you to
evaluate the financial statement implications of this
alternative accounting treatment.
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In particular, Mr. Prasad is interested in knowing how

the financial statements for 2015 would have looked
had the company ALWAYS (i.e., from the beginning of
time) used this alternative capitalizing treatment.
For the purpose of answering the following questions,
you may assume that
i) capitalized research and development expenses
would be amortized (depreciated) over 2 years;
ii) research and development expenses occur at the
end of the year;
iii) there are no tax effects.
Under the accounting alternative that Dr.Reddys Labs
had ALWAYS capitalized research and development
expenses, net profit for fiscal 2015 would have been:
Select one:
a. Higher by 3,532
b. Lower by 3,532
c. Higher by 1,225
d. Higher by 5,480
e. Lower by 1,225
f. None of the above
Question
Under the accounting alternative that Dr.Reddys Labs
Not yet
had ALWAYS capitalized research and development
answered
expenditures, the Total Assets at the end of fiscal
Marked out of
5.00
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question
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2015 would have been:

Select one:
a. Higher by 3,532
b. Lower by 3,532
c. Higher by 4,763
d. Lower by 4,763
e. Higher by 5,463
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Question
An adjacent link provides the most recently published
Not yet
annual report for Jaguar Land Rover Automotive plc
answered
(JLR). Tata Motors purchased JLR from Ford in 2008.
Marked out of
It remains a wholly-owned subsidiary of Tata Motors.

JLRs accounting policies footnote reports that the
1.00
company capitalizes product development costs
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incurred on new vehicle platforms, engines,
question
transmissions, and new products. (p.112) What was
Edit question
the net book value of JLRs product development

costs, both in-progress and capitalized, as of March
31, 2015?
Select one:
a. Less than 2 billion
b. Between 2 billion and Less than 3 billion
c. Between 3 billion and Less than 4 billion
d. Greater than or equal to 4 billion
Question
What percent was the combined amount of in-
Not yet
progress and capitalized development costs (net of
answered
accumulated amortization) of JLRs total balance
Marked out of
1.00
sheet assets as of March 31, 2015?

Select one:
Flag
a. Less than 5%
question
Edit question
b. Greater than or equal to 5% but less than

10%
c. Greater than or equal to 10% but less than
15%
d. Greater than or equal to 15% but less than
20%
e. Greater than or equal to 20%
Question
JLR reported pre-tax income of 2,614 million in
Not yet
Fiscal 2014-15. Assuming that JLR had always
answered
expensed development costs rather than capitalized
Marked out of
1.00
them, would pre-tax income have been higher or

lower in Fiscal 2014-15?
Flag
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True or False: FY2014-15 pre-tax income would have
question
Edit question
been higher under expensing.

Select one:
True
False
Question
Compute magnitude by which pre-tax income would
Not yet
have differed between capitalizing and expensing
answered
considering only two effects: The amount of
Marked out of
development costs capitalized in FY2014-15

(Footnote 9) and the amount of amortization of
1.00
development costs in 2014-15 (Footnote 16). There
Flag
are second order effects connected to interest
question
capitalization and taxation that you should not
Edit question
consider in making your computation. Select the

interval below that contains the magnitude of the
difference.
Select one:
a. Had JLR expensed development costs, pre-tax
income would differ by less than 125 million
b. Had JLR expensed development costs, pre-tax
income would differ by between 125 million and
250 million
c. Had JLR expensed development costs, pre-tax
375 million
d. Had JLR expensed development costs, pre-tax
500 million
e. Had JLR expensed development costs, pre-tax
income would differ by more than 500 million
Question
JLRs accounting policies footnote states that these
Not yet
costs are amortized over between 2 and 10 years.
answered
Estimate the average useful life of product
Marked out of
1.00
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development costs by dividing average capitalized

product development costs by the amortization
expense for fiscal 2014-15. Compute average
capitalized product development costs as a simple
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average of balances at the beginning and end of the
question
Edit question
fiscal year. Round your answer to a whole number of

years (e.g., 4 years, 5 years, etc.) All of the
information you need for these calculations is
provided in Footnote 16.
Select one:
a. 3 years
b. 4 years
c. 5 years
d. 6 years
e. greater than 6 years
Question
10
Siam Cement PCL bought a welding machine on
Not yet
January 1, 2011 for 4 million Thai baht and
answered
immediately put it into service. At that time, the
Marked out of
1.00
Flag
question
Edit question
company estimated that the useful life and salvage

value of all of its welding machines were 8 years and
10% of acquisition cost, respectively. On January 1,
2015, the company reassessed its depreciation
estimates for welding machines, increasing the useful
to 9 years and reducing the salvage value to 5% of
acquisition cost. Siam Cement applied these changes
of estimate all of its welding machines. By how much
did the change in depreciation policy increase or
decrease annual depreciation on the welding machine
purchased for the fiscal year ending December 31,
2015?
Select one:
a. The change in estimate decreased annual
depreciation for the machine in question by more
than 500,000 baht per year.
b. The change in estimate increased annual
depreciation for the machine in question by more
than 500,000 baht per year.
c. The change in estimate increased annual
depreciation for the machine in question, but by
less than or equal to 500,000 baht per year.
d. The change in estimate decreased annual
depreciation for the machine in question, but by
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less than or equal to 500,000 baht per year.

e. The change in estimate left annual
depreciation for the machine unchanged.
Question
11
Hitachi Zosen purchased a boiler for 7,000,000. The
Not yet
boiler was expected to last eight years, with an
answered
estimated residual value of 600,000. After five
Marked out of
years, the company made improvements to the boiler

at a cost of 1,500,000. The improvements improved
5.00
the boilers thermal efficiency and reduced carbon
Flag
emissions. The improvements also extended the
question
useful life by two years. What was annual
Edit question
depreciation expense after the improvements were

carried out?
Select one:
a. 660,000
b. 720,000
c. 780,000
d. 900,000
e. None of the above
Question
12
For questions 12 through 14, refer to the following
Not yet
info:
answered
Aditya Mills Ltd. is an Indian company that adopted
Marked out of
IFRS in 2009. In May of 2016, the company sold its
1.00
stock in H.L.L. for Rs.27 lakhs. The investment was
Flag
question
Edit question
purchased in October 2015 and was accounted for as

Available for Sale. Aditya Mills Ltd, recorded the
following journal entry at the time of the sale.
Cash (+A)
27,00,000
Unrealized Gains on
Marketable Securities
9,00,000
(-SE)
Marketable
Securities
23,00,000
(-A)
Realized
Gains on
Marketable
13,00,000
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Securities
(+R,+SE)
What was the original acquisition cost of the

investment in H.L.L.?
Select one:
a. Rs.10,00,000
b. Rs.13,00,000
c. Rs.14,00,000
d. Rs.21,00,000
e. None of the above.
Question
13
What was the effect of the investment in H.L.L,
Not yet
on the pre-tax income of Aditya Mills Ltd. for the
answered
2015-16 fiscal year? Aditya Mills Ltd closes its
Marked out of
books annually on March 31st. (Note: The fiscal

year is correct.)
1.00
Flag
Select one:
question
a. The sale had no effect on 2015-16 pre-tax
Edit question
income.
b. The sale increased 2015-16 pre-tax income by
Rs.4,00,000.
c. The sale increased 2015-16 pre-tax income by
Rs.9,00,000.
d. The sale increased 2015-16 pre-tax income by
Rs.13,00,000.
e. The sale increased 2015-16 pre-tax income by
Rs.14,00,000.
Question
14
Refer to the following portions of the 2017-16
Not yet
financial statements of Aditya Mills Ltd, as well as the
answered
information provided above. Apart from the
Marked out of
1.00
Flag
aforementioned sale of stock in H.L.L., Aditya MIlls

Ltd sold no other marketable equity securities in fiscal
2016-17.
question
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Edit question
BALANCE SHEET
Aditya Mills Ltd.
March 31, 2017
Rs lakhs
2017 2016
Assets
...
Marketable Equity
Securities
...
...
...
134
128
...
...
...
...
35
34
Shareholders' Equity
...
Unrealized Gain on
Marketable Equity
Securities
These are the only securities disposed during the

year. By how much were marketable equity securities
written up or down in value at the end of 2016-17?
Select one:
a. There was no write-up of marketable equity
securities in 2016-17
b. Marketable equity securities were written-up
by Rs.1,00,000 in 2016-17.
c. Marketable equity securities were written-up
by Rs.4,00,000 in 2016-17.
d. Marketable equity securities were written-up
by Rs.9,00,000 in 2016-17.
e. Marketable equity securities were written-up
by Rs.10,00,000 in 2016-17.
Question
15
For questions 15 & 16, refer to the following portions
Not yet
of the 2015-16 financial statements of Banzai Toys
answered
Ltd. Banzai Toys purchased 25% of Gundam
Marked out of
1.00
Flag
question
Edit question
Enterprises in 1999 and has maintained a constant

25% ownership stake in this affiliate since that date.
millions of Japanese
yen
2016 2015
Assets (as of March
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31)
...
...
Investment in Gundam
Enteprises
...
13,400 12,800
...
...
...
...
...
Income Statement
(for fiscal years
ending March 31)
...
Equity in Earnings of
Gundam Enterprises
3,500 1,500
Compute the total size of dividends paid by Gundam

Enterprises in 2015-16.
Select one:
a. Gundam Enterprises paid a dividend of 2,000
million in 2015-16.
b. Gundam Enterprises paid a dividend of 2,900
million in 2015-16.
c. Gundam Enterprises paid a dividend of 5,600
million in 2015-16.
d. Gundam Enterprises paid a dividend of 11,600
million in 2015-16.
Question
16
What was the net income of Gundam Enterprises

for 2015-16?
Not yet
answered
Marked out of
a. 14,000 million
1.00
b. 4,000 million
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question
c. 3,500 million
Edit question
Question
Select one:
17
Not yet
d. None of the above.
For questions 17 through 19, refer to the following

info:
answered
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Marked out of
Ladakh Trekking Outfitters purchased a 100%
1.00
ownership interest in of the Indus Whitewater for 35

lakhs on May 1st. At the time of the purchase, Indus
Flag
Whitewater's assets and liabilities totaled 75 lakhs
question
and 50 lakhs, respectively. Appraisers determined
Edit question
that the fair values of all specifically identifiable

assets and liabilities equalled their book values in
Indus Whitewater's preacquisition balance sheet. How
much goodwill did Ladakh Trekking Outfitters record
as a result of the Indus Whitewater acquisition?
Select one:
a. 10 lakhs
b. 35 lakhs
c. Ladakh Trekking Outfitters recorded no
goodwill as a result of this acquisition
d. 5 lakhs
Question
18
Assume the same facts as above with one exception.
Not yet
Appraisers found a self-developed customer list that
answered
had not been recorded in Indus Whitewater's
Marked out of
preacquisition balance sheet. The appraisers

estimated the value of this list to be 5 lakhs. Under
1.00
this new scenario, how much goodwill did Ladakh
Flag
Trekking Outfitters record as a result of the Indus
question
Whitewater acquisition?
Edit question
Select one:
a. 5 lakhs
b. Ladakh Trekking Outfitters recorded no
c. 10 lakhs
d. 40 lakhs
Question
19
Assume the same facts as in Question 17 (above)
Not yet
with two modifications. Assume appraisers found a
answered
self-developed customer list that had not been
Marked out of
1.00
Flag
recorded in Indus Whitewater's preacquisition balance

sheet. The appraisers estimated the value of this list
to be 5 lakhs. Also assume that in connection with
Page 11 of 18
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the acquisition, Ladakh Trekking Outfitters hired
question
Edit question
Plains Associates to prepare a valuation of Indus

Whitewater's human resources asset. Plains
Associates estimated that the human resources
asset's value to be 5 lakhs. Given these two
modifications, how much goodwill did Ladakh
Trekking Outfitters record as a result of the Indus
Whitewater acquisition?
Select one:
a. Ladakh Trekking Outfitters recorded no
b. 40 lakhs
c. 5 lakhs
d. 10 lakhs
Question
20
On 01 January 2015, Mendoza Company paid 16
Not yet
million pesos for 20,000 shares of Molina's voting
answered
common stock, a 20% interest in the company. The
Marked out of
stock purchase caused Mendoza to gain significant

influence over Molina operating decisions. Molina
1.00
distributed a dividend of 20 pesos per share during
Flag
the year and reported net income of 5.6 million pesos
question
for the fiscal year ending December 31, 2015. The
Edit question
fair value of Mendoza's investment in Molina on this

date was 18 million pesos. How much income should
Mendoza recognize for its investment in Molina for
2015?
Select one:
a. 400,000
b. 720,000
c. 1,120,000
d. 2,000,000
e. 2,400,000
f. None of the above.
Question
21
Not yet
What was the carrying value of Mendoza's investment

in Molina on December 31, 2015?
answered
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Marked out of
1.00
Select one:
a. 16,000,000
Flag
b. 16,720,000
question
c. 17,120,000
Edit question
d. 18,000,000
Question
22
On 01 January 2013, SK Enterprises paid 16 million
Not yet
RMB (China's currency) for 20,000 shares of a special
answered
class of Wonder Automotive's common stock, a 20%
Marked out of
interest in the company. Due to restrictions on the

use of the stock, the purchase did not give SK
1.00
Enterprises significant influence over Wonder Auto;
Flag
SK Enterprises chose to account for the investment
question
as available-for-sale. Wonder Automotive distributed
Edit question
a dividend of 20 RMB per share during the year and

reported net income of 5.6 million RMB for the fiscal
year ending December 31, 2013. The fair value of SK
Enterprises' investment in Wonder Auto on this date
was 18 million RMB. How much income should SK
Enterprises recognize for its 'Investment in Wonder
Automotive' in it's 2013 income statement ?
Select one:
a. 400,000
b. 720,000
c. 1,120,000
d. 2,000,000
e. 2,400,000
f. None of the above.
Question
23
What was the carrying value of SK Enterprises'
Not yet
investment in Wonder Automotive on December 31,
answered
2013?
Marked out of
5.00
Flag
question
Select one:
a. 16,000,000
b. 16,720,000
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Edit question
c. 17,120,000
d. 18,000,000
Question
24
On April 1st, 2015, the trading operation of Pramod
Not yet
Investments paid 16 million rupees for 20,000 shares
answered
of a special class of Ravi Corporation's common stock,
Marked out of
a 20% interest in the company. Due to the nature of
1.00
its business, Pramod is required to account for the

shares of Ravi using the trading method. Continue to
Flag
assume that Ravi distributed a dividend of 20 Rs. per
question
share during the year and reported net income of 5.6
Edit question
million Rs. for the fiscal year ending March 31, 2016.
The fair value of Pramod's investment in Ravi on this
date was 18 million Rs. How much income should
Pramod recognize for its investment in Ravi for the
2015-16 fiscal year?
Select one:
a. 400,000
b. 720,000
c. 1,120,000
d. 2,000,000
e. 2,400,000
Question
25
Not yet
What was the carrying value of Pramod's 'Investment

in Ravi' on March 31, 2016?
answered
Marked out of
1.00
Flag
question
Edit question
Select one:
a. None of the above
b. 18,000,000
c. 16,00,000
d. 17,120,000
e. 16,720,000
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Question
26
On April 1, 2016, Preeti Ltd. acquired 100% of the
Not yet
common stock of Sunil Company for Rs.600 million
answered
cash. The balance sheet of Preeti Ltd. as of March 31,
Marked out of
2016 contained Rs.2.4 billion in total assets and

Rs.800 million in total liabilities. Shareholders' equity
1.00
of Sunil Company on March 31, 2016 equaled $350
Flag
million, composed of Rs.250 million in common stock
question
and Rs.100 million in retained earnings. Preeti
Edit question
Ltd. determined that the identifiable assets and

liabilities of Sunil Company were stated at fair value
on the date of acquisition, with the exception of the
following: The company's PPE had a fair value that is
60 million higher than its net book value in Sunil
Company's accounts. A customer list was not
recorded in Sunil Company's books but had a fair
value of 40 million. Sunil Company's estimate of
allowance for uncollectible accounts was determined
to be 10 million less than its fair value. How much
goodwill did Preeti Ltd. record for the Sunil
Company acquisition?
Select one:
a. No goodwill was recorded.
b. Rs.140 million
c. Rs.160 million
d. Rs.250 million
Question
27
Prospero Group owns 80% of the common shares of
Not yet
Sebastian Company. The other 20% of Sebastian's
answered
common shares trade on the London Stock Exchange
Marked out of
1.00
Flag
question
Edit question
and are held by ordinary retail investors. Prospero

Group published the following data in its 2014 annual
report regarding the stand-alone operations of
Prospero and Sebastian. (All figures are in millions.)
Data from Prospero Group's 2014 Annual Report
Prospero and Sebastian Corporations December 31,
2014
Prospero Sebastian
Stand-alone net profit
Corp.
Corp.
500
150
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Common Shares outstanding

(constant during the year)
80
35*
* includes shares of Sebastian

owned by Prospero
Assume that Sebastian was Prospero's only subsidiary

in 2014. Also assume that neither company is
required to pay taxes and that there are no group
level revenues or expenses that are omitted from
stand-alone profit. What would Prospero Group report
as its consolidated income for 2014?
Select one:
a. 500
b. 600
c. 620
d. 650
Question
28
What would Prospero Group report as "Profit
Not yet
attributable to equity holders of Prospero Group" on
answered
its 2014 income statement?
Marked out of
1.00
Select one:
a. 500
Flag
b. 600
question
Edit question
c. 620
d. 650
Question
29
The adjacent link provides selections from the most
Not yet
recent 10-K of Medtronic, one of the world's largest
answered
developers of medical devices. Medtronic was
Marked out of
1.00
Flag
question
Edit question
founded in 1949 in Fridley, Minnesota and continues

to base its operations in the Minneapolis metropolitan
area. In its 2014 10-K, Medtronic listed its address
as 710 Medtronic Parkway, Minneapolis, Minnesota
55432. What city is currently the home of its principal
executive office?
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Select one:
a. Minneapolis
b. Zurich
c. London
d. Dublin
e. Nassau, Bahamas
Question
30
Medtronic completed its purchase of Covidien plc on
Not yet
January 26, 2015. What was the fair value of the
answered
purchased consideration (i.e., the purchase price)
Marked out of
paid or promised by Medtronic to Covidien's

shareholders to buy the company? (Note: Include the
1.00
fair value of all purchase consideration as measured
Flag
by GAAP, not just cash consideration.)
question
Edit question
Select one:
a. More than $50 billion
b. Less than or equal to $50 billion, but greater
than $45 billion
c. Less than or equal to $45 billion, but greater
than $40 billion
d. Less than or equal to $40 billion, but greater
than $35 billion
e. Less than or equal to $35 billion
Question
31
Which of the following asset classes on the balance
Not yet
sheet experienced the largest percentage increase
answered
due to the Covidien acquisition?
Marked out of
1.00
Flag
question
Edit question
Select one:
a. Accounts Receivable
b. Inventories
c. Property, Plant, and Equipment
d. Goodwill
e. Intangible Assets (other than Goodwill)
Page 17 of 18
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Question
32
$26.3 billion of specifically identifiable intangible
Not yet
assets were added to Medtronic's balance sheet in the
answered
Covidien acquisition. Which of the following intangible
Marked out of
1.00
asset classes contributed the majority of this value?

Select one:
Flag
a. Customer-related intangibles
question
Edit question
b. Technology-based intangibles
c. Trade names
d. In-process R&D
Question
33
GAAP requires companies to track goodwill and test it
Not yet
for impairment at the business unit level. They are
answered
not required to track goodwill acquisition by
Marked out of
acquisition. Medtronic allocates goodwill to its four

segments and tests if for impairment at that level. To
1.00
Flag
question
Edit question
which segment did Medtronic allocate the most

goodwill from the Covidien acquisition?
Select one:
a. Cardiac and Vascular
b. Minimally Invasive Therapies
c. Restorative Therapies
d. Diabetes
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Quiz 2 - due 7pm May 22

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Home / My courses / ISB Mohali Campus / Post Graduate Programme in Management /

Mill Valley Analytics, Inc. is a marketing analytics

company based in northern California that recently

listed its common stock on NASDAQ in an initial

public offering (IPO). The registration documents for

December 31, 2015. This balance sheet included two

customer lists, each with a value of $2 million. Which

of the following is least likely to be a correct

statement about these intangible assets?

Finish attempt ...

a. One of the aforementioned customer lists was

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acquired directly from another company.

assembled by employees of Mill Valley's

d. As of 31 December 2015, Mill Valley Analytics

may have possessed other customer lists that

weren't included in the 2014 year-end balance

Capitan operating system (the successor to Yosemite)

was far enough along in its technical development

On April 1st, 2015, Apple announced that its new El

that the company would begin capitalizing the

Quiz 2 - due 7pm May 22

The amortization horizon for capitalized software

costs is three years. Which of the following

statements incorrectly describes the accounting

costs in the third and fourth quarters of the 2015

a. The decision to capitalize El Capitans

development costs in Q3 and Q4 increases

reported assets in the balance sheet dated

September 30, 2015.

b. The decision to capitalize El

Capitan's development costs in Q3 and Q4 will

increase reported assets in the balance sheet

dated September 30, 2016.

c. The decision to capitalize El Capitans

development costs in Q3 and Q4 lowers reported

net income in the income statement for the fiscal

year ending September 30, 2015.

treatment of Research and Development

expenditures. Under the company's current policies,

all research and development expenditures are

expensed. Dr. Reddys Laboratories Ltd. report the

The next two questions pertain to Dr.Reddys

following information on their income statement.

The following information is extracted from the

Total Stockholders Equity

Suppose the company is considering capitalizing (as

Quiz 2 - due 7pm May 22

In particular, Mr. Prasad is interested in knowing how

Under the accounting alternative that Dr.Reddys Labs

had ALWAYS capitalized research and development

expenditures, the Total Assets at the end of fiscal

2015 would have been:

Quiz 2 - due 7pm May 22

An adjacent link provides the most recently published

annual report for Jaguar Land Rover Automotive plc

(JLR). Tata Motors purchased JLR from Ford in 2008.