_____ Which of the Following Statements Is False

Multiple Choice

_____ Which of the following statements is false?

A) The IRS's transfer pricing rules apply to inbound transfers.
B) The IRS's transfer pricing rules apply to outbound transfers.
C) Under certain circumstances, the Internal Revenue Service has the authority to set the transfer prices.
D) The Internal Revenue Service requires intercompany inventory transfer prices to be set at halfway between the seller's cost and the buyer's expected selling price.
E) None of the above.