The european specialty company, which prepares its financial statements under ifrs, has reported income before taxes of $1,300 on its financial statements and taxable income of $900. the $400 difference is due exclusively to a gain recognized for financial statement purposes in the current year that will be taxed 3 years later. the company is subject to a tax rate of 25% in the current year and, based on enacted tax law, will be subject to tax at the rate of 35% in the year in which the $400 will be taxable. after the date of the financial statements, but prior to their issuance, the future tax rate was reduced from 35% to 30%. what amount of deferred tax liability will european specialty recognize in its current financial statements?

Aproduction line has three machines a, b, and c, with reliabilities of .96, .86, and .85, respectively. the machines are arranged so that if one breaks down, the others must shut down. engineers are weighing two alternative designs for increasing the line’s reliability. plan 1 involves adding an identical backup line, and plan 2 involves providing a backup for each machine. in either case, three machines (a, b, and c) would be used with reliabilities equal to the original three. a. compute overall system reliability under plan 1. (round your intermediate calculations and final answer to 4 decimal places.) reliability b. compute overall system reliability under plan 2. (round your intermediate calculations and final answer to 4 decimal places.) reliability c. which plan will provide the higher reliability? plan2plan1