FORCo, a subsidiary of a U.S. corporation, is incorporated in Brazil. FORCo manufactures widgets in Brazil and sells th

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answerhappygod
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FORCo, a subsidiary of a U.S. corporation, is incorporated in Brazil. FORCo manufactures widgets in Brazil and sells th

Post by answerhappygod »

FORCo, a subsidiary of a U.S. corporation, is incorporated in
Brazil. FORCo manufactures widgets in Brazil and sells them
to its 100% owned subsidiary in Hungary. FORCo’s income from the
sale of its widgets is not Subpart F foreign base company
sales income.
True
False
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