Quest is organized and operates in the U.K. Its U.S. effectively connected earnings for the taxable year are $900,000 and its net U.S. equity has increased by $40,000 . Quest's dividend equivalent amount for the tax year is $860,000
a. True
b. False
Indicate whether the statement is true or false
True
RATIONALE: $900,000 effectively connected earnings decreased by the $40,000 increase in U.S. net equity.
Business
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Indicate whether the statement is true or false.
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Which one of the following is NOT one of the six sourcing strategies?
A) negotiation with many suppliers B) vertical integration C) keiretsu D) short-term relationships with few suppliers E) virtual companies
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