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    Taxation of Business Entities
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    Exam 13: The Ustaxation of Multinational Transactions
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    Once a USCorporation Chooses a Method to Allocate Interest Expense,either Fair Market
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Once a USCorporation Chooses a Method to Allocate Interest Expense,either Fair Market

Question 51

Question 51

True/False

Once a U.S.corporation chooses a method to allocate interest expense,either fair market value or tax book value,that election cannot be changed without the permission of the commissioner of the Internal Revenue Service.

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