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Required information (The following information applies to the questions displayed below.] Spartan Corporation, a U.S. company, manufactures green eyeshades for sale in the United States
Required information (The following information applies to the questions displayed below.] Spartan Corporation, a U.S. company, manufactures green eyeshades for sale in the United States and Europe. All manufacturing activities take place in Michigan. During the current year, Spartan sold 11,600 green eyeshades to European customers at a price of $11.80 each. Each eyeshade costs $4.90 to produce. For each independent scenario, determine the source of the gross income from sale of the green eyeshades. b. Half of Spartan's production assets are located outside the United States. Apportioned to production activity - Foreign source Apportioned to production activity - U.S. source
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