Identify Which of the Following Statements Is True

question 75

Multiple Choice

Identify which of the following statements is true.

• A)The foreign income taxes withheld from a dividend remittance made by a foreign corporation are translated into U.S.dollars at the current exchange rate in effect for the date the dividend is paid.
• B)A U.S.subsidiary that is used by a foreign parent corporation to conduct its U.S.business activities is required to withhold 30% of dividends paid to the foreign corporation unless a treaty provides for a lower withholding rate.
• C)A foreign corporation that conducts a U.S.trade or business may be required to pay the corporate income tax,the corporate alternative minimum tax,and the branch profits in a single year.
• D)All of the above are false.

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Definitions:

Horizontal Merger

A merger between two or more competitors producing the same or similar products.

Gaskets

Mechanical seals that fill the space between two or more mating surfaces, generally to prevent leakage from or into the joined objects while under compression.

Market Power

The ability of a company or entity to control prices or exclude competition in a particular market.

Bid Rigging

An illegal agreement between parties to conspire to fix the outcomes of bidding processes to benefit all involved parties unfairly.