If a Corporation Has No Operations Outside the U

question 171

True/False

If a corporation has no operations outside the U.S., its GAAP book and taxable income are identical.

---

Definitions:

HR Technology Platform

Digital solutions that automate and facilitate managing human resource functions, including recruitment, payroll, performance management, and employee engagement.

Publicly Traded

Refers to companies whose shares are bought and sold by the public on stock exchanges.

Conversational Commerce

The intersection of messaging apps and shopping; the practice of engaging customers in conversation through chat and voice interfaces to initiate the buying process.

Messaging Apps

Software applications designed for instant messaging through text, voice, video, or other media, often on smartphones and tablets.