hard · Financial Accounting accounting-cycle-financial-statements
A firm announces a restructuring plan in Q3 involving 40M in severance, 25M in asset impairments, and 15M in lease terminations.
If only 10M of severance is paid in cash in Q3, what is the total restructuring expense reported on the Q3 Income Statement?
- 80M
- 35M
- 65M
- 10M
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