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InterTech Corporation Recorded Pretax Restructuring Charges of $1,033

Question 23

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InterTech Corporation recorded pretax restructuring charges of $1,033.5 million in 2017. The charges consisted of asset write-downs of $681 million, costs associated with exit or disposal activities of $99 million, and employee severance costs of $253.5 million. The company paid $108 million cash to settle these restructuring charges during the year (2017) .
At year end, the restructuring accrual associated with these charges was:


A) $ 1,033.5 million
B) $ 326.0 million
C) $ 253.5 million
D) $ 244.5 million
E) There is not enough information to determine the amount.

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