Repatriation Is Concerned with The

question 114

Multiple Choice

Repatriation is concerned with the:

• A) removal of a company's products to its home nation
• B) removal of a company's products to foreign nations
• C) ability of a business to return money earned in a foreign nation to its home nation
• D) ability of a foreign company to transfer assets on a stock exchange other than its home exchange
• E) ability of a business to relocate to a foreign nation

---

Definitions:

Deferred Income Taxes

Taxes applicable to income that is recognized in the financial statements in one period but is taxable in another.

Income Taxes Payable

The amount of income taxes a company owes to the government that has not yet been paid.

Income Tax Expense

The total amount of income tax a company is obligated to pay to tax authorities, reported in its financial statements.

Retained Earnings Account

A component of shareholders' equity that represents the accumulated portion of net income that a company has not distributed to shareholders as dividends.