Match Each of the Following Items with the Appropriate Description

question 121

Multiple Choice

Match each of the following items with the appropriate description in applying the P.L. 86-272 definition of solicitation.
-Training administrative personnel to use an update to ordering software.

• A)More than solicitation, creates nexus
• B)Solicitation only, no nexus created

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Definitions:

Parent Company

A corporation that owns enough voting stock in another corporation to control its management and operations.

Amortization

The process of gradually writing off the initial cost of an asset over its useful life.

Bond Investment

An investment in debt securities issued by corporations or governments to finance their operations.

Other Comprehensive Income

Other Comprehensive Income represents revenues, expenses, gains, and losses not included in net income, and reflects changes in equity during a period except those resulting from investments by and distributions to owners.