The Running Shoe Corp

question 8

Multiple Choice

The Running Shoe Corp.is a Canadian corporation which plans to expand internationally.The company has decided to establish a branch in a foreign country.Which of the following is false?

• A)The profits of the branch will be subject to income tax in the foreign country.
• B)The branch profits will be included in the Canadian corporation's worldwide income.
• C)A foreign tax credit can reduce the Canadian taxes payable.
• D)If the foreign country has a lower tax rate, a tax benefit will be recognized.

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Definitions:

Annual Physical

A yearly health examination that typically includes screenings, check-ups, and vaccinations to monitor and maintain an individual's health.

Avoiding

The act of keeping away from or not doing something, often used in the context of behaviors or situations.

General Adaptation Syndrome

A theoretical framework describing the body's short-term and long-term reactions to stress, consisting of three stages: alarm, resistance, and exhaustion.

Metabolic Changes

Adjustments or alterations in the body's processes that involve the breakdown and conversion of nutrients into energy and other components essential for cell and organ function.