U)SCorporation,a Domestic Corporation,owns All of Foreign Corporation's Stock

question 96

Multiple Choice

U) S.Corporation,a domestic corporation,owns all of Foreign Corporation's stock.Foreign Corporation is incorporated in France.This year,Foreign Corporation reports $100,000 in aftertax profits in France,none of which is Subpart F income.U.S.Corporation

• A)must include the $100,000 profit in its current-year U.S.tax return.
• B)never has to include Foreign Corporation's profits in its U.S.tax return.
• C)reports Foreign Corporation's profits in its U.S.tax return in the same manner it would if Foreign Corporation were instead a foreign branch.
• D)must include Foreign Corporation's profits in its U.S.tax return when they are paid to U.S.Corporation in the form of a dividend.

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Political Action for Candidate Election

Activities engaged in by individuals or groups to influence the election of political candidates or the outcome of legislative issues.

NASW

National Association of Social Workers, a professional organization supporting the practice and profession of social work through advocacy, education, and ethics.

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Issues related to the excessive or dependent consumption of alcohol that adversely affect a person's health, relationships, or social functioning.