Income from Branch Operations of Canadian Corporations in Foreign Countries

question 28

Multiple Choice

Income from branch operations of Canadian corporations in foreign countries is not included in the taxable income of the Canadian corporations.

• A)True
• B)False
• C)Uncertain

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Definitions:

Adaptation

Piaget’s term for adjustment to new information about the environment, achieved through processes of assimilation and accommodation.

Circular Reactions

Piaget’s term for processes by which an infant learns to reproduce desired occurrences originally discovered by chance.

Reflexes

Involuntary and immediate responses to specific stimuli, such as pulling a hand away from a hot surface, that are crucial for survival.

Habituation

The process by which there is a decrease in response to a stimulus after being repeatedly exposed to it, leading to an adaptation or normalization of response.