Question
According to GM FY2015 10K, GM continued to consolidate our Venezuelan subsidiaries because of recent favorable election results, settlements of new debt by the Venezuelan
According to GM FY2015 10K, GM "continued to consolidate our Venezuelan subsidiaries because of recent favorable election results, settlements of new debt by the Venezuelan government, participation in SIMADI currency exchange and vehicle production in the year ended December 31, 2015." Given the consolidation steps GM had taken what was the expected charge should GM no longer maintain control over its assets in Venezuela? From a financial perspective, do you believe that statement in the 10K "Despite the significant challenges in Venezuela, this market continues to be important to us" is true from a financial perspective? Why or why not?
Group of answer choices
Uncertain; Yes. After already writing down and taking off huge losses previously, future losses in Venezuela will be likely limited to the fore mentioned approximately $200 million.
Uncertain; No. After already writing down and taking off huge losses previously, future losses in Venezuela will be likely limited to the fore mentioned approximately $200 million.
Approximately $200 million; Yes. Venezuela is a major contributor to earnings per share.
Uncertain; Yes. Venezuela is a major contributor to earnings per share.
Approximately $200 million; No. After already writing down and taking off huge losses previously, future losses in Venezuela will be likely limited to the fore mentioned approximately $200 million.
Approximately $200 million; No. Venezuela is a major contributor to earnings per share.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started