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Business, 18.05.2021 19:20 salejandro68

Austin Corporation, a U. S. corporation, received the following investment income during the current year: $50,000 of dividend income from ownership of stock in a French corporation, $20,000 interest on a loan to its Dutch subsidiary, $40,000 royalty from its 50 percent owned Irish venture, and $30,000 capital gain from sale of its stock in a Brazilian corporation. How much of Austin's income is treated as foreign source

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Austin Corporation, a U. S. corporation, received the following investment income during the current...
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