What Are Correct Statements About the Graduate Management Admission V

question 34

Multiple Choice

What are correct statements about the Graduate Management Admission v.Raju case?

• A) Companies who do business in foreign countries and expose host country nationals to hazardous substances can expect to be sued in any of the United States.
• B) The Texas long-arm statute asserts personal jurisdiction over foreign nationals who come into contact with U.S.-manufactured pesticides.
• C) The doctrine of forum non conveniens does not apply in Texas in cases brought under Section 71.031 (which provides jurisdiction for personal injury claims based on acts taking place in foreign countries).
• D) The defendant had minimum contacts with the United States.
• E) All of the above.

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Definitions:

Positive Adjustment

An increase in the amount of reported income or expense, resulting in a higher taxable income.

AMTI

Alternative Minimum Taxable Income, which is calculated to ensure that taxpayers with large amounts of deductions, exemptions, and exclusions still pay a minimum amount of tax.

AMT Depreciation

Depreciation methods and rates that apply for the Alternative Minimum Tax, a parallel tax system to ensure certain taxpayers pay a minimum amount of tax.

Regular Tax Depreciation

A deduction that allows taxpayers to recover the cost of property used in a business or held for the production of income, computed under the regular tax system.