Identify Which of the Following Statements Is True

question 39

Multiple Choice

Identify which of the following statements is true.

• A)The losses of a foreign corporation that is 100% owned by a domestic corporation can be deducted by the domestic corporation to offset its gross income in the year incurred.
• B)The deemed paid foreign tax credit was enacted so as not to discourage foreign direct investment through foreign branches.
• C)A dividend remittance made by a noncontrolled foreign corporation is translated into U.S.dollars at the current exchange rate for the date the dividend is paid.
• D)All of the above are false.

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Definitions:

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, shaping an individual's actions.

Operation

The process or action of functioning or the manner in which an organization or process works.

Reinforcer

A motivational factor that increases the likelihood of a desired response by providing a positive outcome or removing a negative one.

Reward

Recognition or compensation given for the achievement of a specific goal or performance criteria, used as a motivational tool in various settings.