USAco is a domestic corporation. During the current year, USAco starts doing business in foreign country F. USAco's country F operations generate $100,000 of taxable income, which USAco reinvests in its country F operations. On its Form 1120, USAco will report taxable income from its country F operations of:

(a) $100,000 if the foreign operations are conducted as a branch and $0 if the foreign operations are conducted as a Subsidiary

(b) $0 if the foreign operations are conducted as a branch and $100,000 if the operations are conducted as a subsidiary

(c) $0, regardless of whether the foreign operations are conducted as a subsidiary or a branch

(d) $100,000, regardless of whether the foreign operations are conducted as a subsidiary or a branch