A partnership that timely files Form 7004, Extension of Time to File, will be granted which of the following?
A. An automatic extension of 2 months to file the tax return.
B. An automatic extension of 4 months to file the tax return.
C. An automatic extension of 6 months to file the tax return.
D. An automatic extension of 5 months to file the tax return.
Ans: D. An automatic extension of 5 months to file the tax return.
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Corbin Coffee plans to initiate activities in foreign markets through indirect exporting. The firm is most likely to use ________
A) local managers to pay tariffs and duties B) external specialists to assist in the export process C) the International Trade Administration to monitor exports D) freight forwarders to act as distributors in foreign markets
International law takes precedence over national laws in determining permissible practices in pricing, distribution, advertising, and promotion of products and services in a particular country
Indicate whether the statement is true or false