Austin Corporation, a U

question 96

Multiple Choice

Austin Corporation, a U.S. corporation, received the following investment income during 2014: $50,000 of dividend income from ownership of stock in a French corporation, $20,000 interest on a loan to its Dutch subsidiary, $40,000 royalty from its 50-percent owned Irish venture, and $30,000 capital gain from sale of its stock in a Brazilian corporation. How much foreign source income does Austin have in 2014?

• A) $140,000
• B) $110,000
• C) $70,000
• D) $60,000

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Definitions:

Direct Approach

A communication strategy where the main point or request is addressed at the beginning, often used for audiences that prefer straightforward information.

Indirect Approach

A technique of subtly conveying messages or intentions, often used in negotiations or sensitive discussions to avoid direct confrontation.

Dentition

The development and arrangement of an individual's set of teeth.

Cats

Domesticated felines known for their agility, sharp retractable claws, and effectiveness in controlling pests.