Which of the following transactions would create a deferred tax liability on foreign income? Multiple Choice A U.S. company sells its products in a foreign country AU.S. company earns income in a different country and pays the foreign government an income tax less than the U.S. corporate tax rate. A U.S.company cams Income in a foreign country that it does not expect to repatriate back to the US. A foreign-based company sells its products to customers in the US