Use the Information to Answer the Following Question(s)

question 48

Multiple Choice

Use the information to answer the following question(s) .
Green Valley Exporters USA has $100,000 of before tax foreign income. The host country has a corporate income tax rate of 25% and the U.S. has a corporate income tax rate of 35%.
-Refer to Instruction 15.1.If the U.S.treated the taxes paid on income earned in the host country as a tax-credit,then Green Valley's total U.S.corporate tax on the foreign earnings would be:

• A) $51,250.
• B) $35,000.
• C) $26,250.
• D) $10,000.

Understand the role of community resources in supporting educational outcomes.

Recognize the importance and methods of effective communication between schools, families, and communities.

Describe the principles of asset-based and family-centered approaches in education.

Understand the importance and impact of service-learning and place-based education on student learning.

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Definitions:

First-In, First-Out Method

An inventory valuation method where the first items produced or acquired are the first ones sold or used, affecting cost of goods sold and inventory valuation.

Material Costs

The total cost of materials used in the production of goods, including both direct raw materials and indirect materials.

Equivalent Units

A concept used in cost accounting to denote the amount of finished goods units that could have been produced given the total amount of direct materials, direct labor, and manufacturing overhead costs incurred.

Weighted-Average Method

An inventory costing method where costs of goods are calculated based on the weighted average of the costs of similar items.