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Holmdel, Incorporated, a U . S . corporation, received the following sources of income: $ 1 1 , 0 0 0 interest income from a
Holmdel, Incorporated, a US corporation, received the following sources of income: $ interest income from a loan to its percent owned Swiss subsidiary. $ dividend income from its percent owned French subsidiary. $ royalty income from its Bermuda subsidiary for use of a trademark outside the United States. $ rent income from its Canadian subsidiary for use of a warehouse located in New Jersey. $ capital gain from sale of stock in its percent owned Japanese joint venture. Title passed in Japan. What amount of foreign source income does Holmdel have?
Holmdel, Incorporated, a US corporation, received the following sources of income:
$ interest income from a loan to its percent owned Swiss subsidiary.
$ dividend income from its percent owned French subsidiary.
$ royalty income from its Bermuda subsidiary for use of a trademark outside the United States.
$ rent income from its Canadian subsidiary for use of a warehouse located in New Jersey.
$ capital gain from sale of stock in its percent owned Japanese joint venture. Title passed in Japan.
What amount of foreign source income does Holmdel have?
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