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Zubin Ltd. had set the transfer price at $20 for the purchase of goods from its U.S. subsidiary. But the IRS audited the transfer price
Zubin Ltd. had set the transfer price at $20 for the purchase of goods from its U.S. subsidiary. But the IRS audited the transfer price and determined that it should have been using a transfer price of $190. Assuming the adjustment results in an increase in U.S. tax liability of $200,000. Determine the total tax liability that the company will pay the IRS as a result of its misstatement. (1 word - no dollar sign -for example: 100000)
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