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Business, 23.10.2019 23:00 diegobebe503

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 $5,800,000 of subpart f income. which of the following statements is true about the application of subpart f to the income earned by boomerang?

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