Boomerang corporation, a new zealand corporation, is owned by the following unrelated persons: 40 percent by a u. s. corporation, 15 percent by a u. s. individual, and 45 percent by an australian corporation. during the year, boomerang earned $6,400,000 of subpart f income. which of the following statements is true about the application of subpart f to the income earned by boomerang? o boomerang is a cfc and the u. s. corporation and u. s. individual will have a deemed dividend of $2,560,000 and $960,000, respectively. o boomerang is a cfc and only the u. s. corporation will have a deemed dividend of $2,560,000.o boomerang is a cfc and the u. s. corporation, u. s. individual, and australian corporation will have a deemed odividend of $2,560,000, $960,000, and $2,880,000, respectively. boomerang is not a cfc and none of the shareholders will have a deemed dividend under subpart f.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

if it is for a job, then you should learn everything you can about the job, like what does it involve, what qualification is required and how you are the right person for that job. dress appropriately for the interview. get plenty of rest the night before. good luck!