Test Bank SWFT Comprehensive 2010 ch 25

Test Bank SWFT Comprehensive 2010 ch 25 - CHAPTER 25...

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Unformatted text preview: CHAPTER 25 TAXATION OF INTERNATIONAL TRANSACTIONS Instructor: The test items in both the print Test Bank and ExamView test-creation software are numbered by question type within each chapter. Thus, users of ExamView can more easily preview their selections using the printed Test Bank in the same numbering system. Learning Objective, Level of Difficulty, Estimated Time to Completion, and the AACSB’s and AICPA’s Core Competencie s for each test item are located within the item itself. Status: Q/P Question/ Present in Prior Problem Topic Edition Edition TRUE OR FALSE 1 Income tax treaties Unchanged 1 2 Effect of income tax treaties Unchanged 2 3 Sourcing of interest income Unchanged 3 4 Sourcing of dividend income Unchanged 4 5 The “commercial traveler” exception Unchanged 5 6 Source of income from use of intangible property Unchanged 6 7 Sourcing income from sale of U.S. real estate Unchanged 7 8 Sourcing of income Unchanged 8 9 Sourcing communications income Unchanged 9 10 Allocation and apportionment of losses Unchanged 10 11 Allocating interest expense Unchanged 11 12 Availability of § 482 Unchanged 12 13 Functional currency Unchanged 13 14 Foreign exchange gain or loss Unchanged 14 15 Section 367 and tax-deferred reorganizations Unchanged 15 16 “Outbound” transfer Unchanged 16 17 Inbound and offshore transfers Unchanged 17 18 “U.S. shareholder” defined Unchanged 18 19 Definition of CFC Unchanged 19 20 Definition of CFC Unchanged 20 21 Taxation of Subpart F income Unchanged 21 22 Foreign base company sales income Unchanged 22 23 Foreign base company sales income Unchanged 23 24 Availability of indirect FTC Unchanged 24 25 Gross up of deemed-paid taxes Unchanged 25 26 The FTC limitation Unchanged 26 27 The FTC limitation Unchanged 27 25-1 25-2 2010 Comprehensive Volume/Test Bank 28 FTC Limit Unchanged 28 Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 29 Definition of nonresident alien Unchanged 29 30 Taxation of U.S.-source income Unchanged 30 31 Effectively connected income concept Unchanged 31 32 Effectively connected income concept Unchanged 32 33 Dividend equivalent amount Unchanged 33 34 FIRPTA Unchanged 34 35 Exemption from tax under FIRPTA Unchanged 35 36 Transfer Pricing Unchanged 36 37 Transfer Pricing Unchanged 37 38 U.S. international tax system Unchanged 38 39 U.S. international tax system Unchanged 39 MULTIPLE CHOICE 1 Taxation of U.S. Persons Unchanged 1 2 Causes of double taxation Unchanged 2 3 Income tax treaties Unchanged 3 4 Income tax treaty program Unchanged 4 5 Sourcing of interest income Unchanged 5 6 Source of dividend income Unchanged 6 7 “Commercial traveler” exception Unchanged 7 8 Source of inventory income Unchanged 8 9 Sourcing personal service income Unchanged 9 10 Source of capital gain: personal property Unchanged 10 11 Sourcing of gain on sale of depreciable personal Unchanged 11 property 12 Allocating interest expense Unchanged 12 13 Section 482 Unchanged 13 14 Section 482 application...
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This note was uploaded on 02/01/2011 for the course ACCT 321 taught by Professor Cruz during the Spring '10 term at California State University Los Angeles .

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Test Bank SWFT Comprehensive 2010 ch 25 - CHAPTER 25...

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