A European based company follows IFRS (International Financial Reporting Standards) and capitalizes new product development costs. During 2009 they spent €25 million on new product development and reported an amortization expense related to a prior year’s new product development of €10 million. Other information related to 2009 is as follows:
An analyst would like to compare the European company to a similar U. S. based company and has decided to adjust their financial statements to U.S. GAAP. Under U. S. GAAP, and ignoring tax effects, the cash flow from operations (€ million) for the company would be closest to:()
A. 265.
B. 275.
C. 290.