The Income of a Foreign Subsidiary Is Not Taxable Until

question 6

Multiple Choice

The income of a foreign subsidiary is not taxable until dividends are distributed to the U.S. parent unless:

• A) Subpart F income is present.
• B) the income from subsidiary exceeds 10 million.
• C) extraordinary gains and losses form a part of the income.
• D) the subsidiary is situated in a China.

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