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In 20X1, USCo had an overall foreign loss of $800. In 20X2, USCo had $500 of US source income and $500 of foreign source income.
In 20X1, USCo had an overall foreign loss of $800. In 20X2, USCo had $500 of US source income and $500 of foreign source income. Assuming all available elections are made, the amount of USCo's 20X2 foreign source income recharacterized as US source income equals: Select one: A. $800 B. $0 C. $250 D. $500
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Macroeconomics
Authors: Robert J Gordon
12th edition
138014914, 978-0138014919
