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_____ for the Reporting of Earnings of Foreign Subsidiaries by Parent

Question 24

Multiple Choice

_____ For the reporting of earnings of foreign subsidiaries by parent companies, the U.S. Internal Revenue Code specifies, for most situations, the use of the


A) Cash basis.
B) Accrual basis.
C) Hybrid cash-accrual basis.
D) Equity method.
E) Cost method.

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