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DomCo operates abroad through a wholly owned foreign subsidiary, ForCo. ForCo's net tested income is $100,000,000, its average adjusted basis in tangible assets is $30,000,000
DomCo operates abroad through a wholly owned foreign subsidiary, ForCo. ForCo's net tested income is $100,000,000, its average adjusted basis in tangible assets is $30,000,000 and its average adjusted basis in intangible assets is $80,000,000. The foreign tax rate is 0%.
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Financial Statement Analysis
Authors: K. R. Subramanyam, John Wild
11th edition
78110963, 978-0078110962
