Lean systems do not need stable master production schedules

Eminent domain is the condemnation power of government to take land for public use

Indicate whether the statement is true or false

Krebs, Inc, a U.S. corporation, operates an unincorporated branch manufacturing operation in the U.K. Krebs, Inc, reports $900,000 of taxable income from the U.K. branch on its U.S. tax return, along with $1,600,000 of taxable income from its U.S. operations. The U.K. branch income is all general limitation basket income. Krebs paid $270,000 in U.K. income taxes related to the $900,000 in branch

income. Assuming a U.S. tax rate of 35%, what is Krebs' U.S. tax liability after any allowable foreign tax credits? a. $0 b. $270,000 c. $605,000 d. $875,000