Question
General Corporation is taxable in a number of states. This year, General made a $100,000 sale from its State A headquarters to a customer in
General Corporation is taxable in a number of states. This year, General made a $100,000 sale from its State A headquarters to a customer in State B. This activity is not sufficient for General to create nexus with State B. State A applies a throwback rule but State B does not. In which state(s) will the sale be included in the sales factor numerator?
a. $100,000 in State A.
b. $0 in both State A and State B.
c. $100,000 in State B.
d. In both State A and State B, according to the apportionment formulas of each.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
