Santa Fe Corporation manufactured inventory in the United States and sold the inventory to customers in Mexico. Gross profit from the sale of the inventory was $200,000. Title to the inventory passed FOB: shipping point. How much of the gross profit is treated as foreign source income for purposes of computing the corporation's foreign tax credit in the current year?
A. $100,000
B. $0
C. $200,000
D. The answer cannot be determined with the information provided.
Answer: B
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Xavier and Yolanda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%, salary allowances of $34,000 and $26,000 respectively, and the remainder equally. How much of the net income of $100,000 is allocated to Yolanda?
A) $49,000 B) $51,000 C) $50,000 D) $56,000
In ____________________ analysis, cash balance is expressed as a percent of the total assets
Fill in the blank(s) with correct word
Arguments that labor unions create market conflict that result in less-than-optimal results reflect:
A. Duty ethical beliefs. B. Fairness ethical beliefs. C. Libertarian ethical beliefs. D. Utilitarian ethical beliefs.
____ modify verbs, adjectives, or other adverbs
A) Adverbs B) Adjectives C) Conjunctions D) Prepositions