XCo, a U.S. corporation, and

FCO

, a foreign corporation, jointly incorporate

YCO

, a U.S. corporation to operate a mining operation in a foreign country. During its first year of operations, YCo eamed

$900

of foreign-source income from its mining operations and

$100

of U.S. source income from investments in the U.S. At the end of the year, YCo distributed a

$100

dividend to both

xCO

and

FCO

. This was the only income received by\

xCO

and

FCO

for the year.

xCO

distributed

$50

as a dividend to its shareholders, all of whom are foreign residents. Source the dividends as follows:\ a.

$100

dividend paid to XCo\ b.

$100

dividend to

FC_(0)

\ c.

$50

dividend by XCO to its foreign shareholders

8) XCo, a U.S. corporation, and FCo, a foreign corporation, jointly incorporate YCo, a U.S. corporation to operate a mining operation in a foreign country. During its first year of operations, YCo eamed $900 of foreign-source income from its mining operations and $100 of U.S. source income from investments in the U.S. At the end of the year, YCo distributed a $100 dividend to both XCo and FCo. This was the only income received by XCo and FCo for the year. XC0 distributed $50 as a dividend to its shareholders, all of whom are foreign residents. Source the dividends as follows: a. $100 dividend paid to XC0 b. $100 dividend to FC0 c. $50 dividend by XC0 to its foreign shareholders 8) XCo, a U.S. corporation, and FCo, a foreign corporation, jointly incorporate YCo, a U.S. corporation to operate a mining operation in a foreign country. During its first year of operations, YCo eamed $900 of foreign-source income from its mining operations and $100 of U.S. source income from investments in the U.S. At the end of the year, YCo distributed a $100 dividend to both XCo and FCo. This was the only income received by XCo and FCo for the year. XC0 distributed $50 as a dividend to its shareholders, all of whom are foreign residents. Source the dividends as follows: a. $100 dividend paid to XC0 b. $100 dividend to FC0 c. $50 dividend by XC0 to its foreign shareholders