Which of the Following Transactions by a U

question 101

Multiple Choice

Which of the following transactions by a U.S.corporation may result in taxation under § 367?

• A)Incorporation of U.S branch as a U.S.corporation when the branch earns foreign-source income.
• B)Incorporation of a U.S.branch as a U.S.corporation if the new U.S.corporation also has foreign shareholders.
• C)Incorporation of a U.S.branch as a U.S.corporation if the new U.S.corporation has no foreign shareholders.
• D)All the above.
• E)None of the above.

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Definitions:

Self-Contradiction

A statement that directly contradicts itself, demonstrating a falsehood.

Cancer

A disease caused by an uncontrolled division of abnormal cells in a part of the body.

Immunization

The process by which a person becomes protected against a disease through vaccination.

Fatal Childhood Diseases

Severe illnesses occurring during childhood that have a high risk of leading to death.