Strategists in multinational corporations are often confronted with the need to be globally competitive and nationally responsive at the same time

What does the term incorporation by reference mean?

A. The legal incorporation of a company in more than one state. B. Filing information with the SEC by indicating that the information is already available in another document. C. A reference guide indicating informational requirements specified in Regulation S-X. D. Incorporating a company in a state outside of its base of operations.

Which of the following would result in a reduction of taxable income?

A) portfolio income B) tax credits C) exclusions D) passive income E) earned income