Corporation A owns 15 percent of the stock of corporation B. Corporation B pays corporation A $100,000 in dividends in 2002. Corporation A must pay tax on ________
A) $100,000 of ordinary income
B) $ 30,000 of ordinary income
C) $ 70,000 of ordinary income
D) $ 70,000 of capital gain
B
Business
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The authority to enact ordinances lies solely with the state legislatures
Indicate whether the statement is true or false
Business
Which of the following is true about emerging market economies in international business?
A) They account for nearly two-thirds of world GDP and host the world's largest MNEs. B) They have tremendous purchasing power with minimal restrictions on international trade and investment. C) These markets have evolved from manufacturing economies to service-based economies. D) Businesses in emerging markets are important targets for machinery, equipment, and technology sales.
Business