I dont know if you'll need the pre-2018 tax rates but use them if necessary.

8. At the end of a project's life, an asset will be disposed. The project's cash flow statement will show a small gains tax credit (positive cash flow). Which of these statements must be true? a. The asset will be sold for less than its book value. b. The asset will be sold for more than its book value but less than its original cost. c. The asset will be sold for more than its original cost. d. The asset was sold for the exact amount of its book value. e. There is not enough information to answer this question. 9. Which of the following questions from investors is best answered from the Income Statement? a. What is the company's financial position at the end of the reporting period? b. c. d. How much profit did the company make during the reporting period? How did the company decide to use its profits from the reporting period? How much cash did the company generate and spend during the reporting period? 10. Using the Balance Sheet shown at the end of this exam, what is the firm's Working Capital as of Dec 31, 2017? a $33,803,700,000 b. -$3,268,000,000 c. $5,327,200,000 d. $2,436,600,000 e. $2,890,600,000