A resident corporation is one that is: *   Organized under the laws of a foreign country that engages in business in Makati City,Philippines. Organized under the laws of the Philippines that engages business in a special economic zone; Organized under the laws of a foreign country that sets up a regional headquarter in the Philippines doing product promotion and information dissemination; Organized under the laws of the Philippines that does business in another co

Q: What does the residing agent have to do with the foreign corporation?

A: The residing agent or the registered agent act as a statutory agent to act on behalf of the foreign…

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A: Canada Border Services Agency set rules for customs in Canada.

Q: explain statutory reports required by Japanese companies.

A:

Q: Assume a U.S. company operates overseas and is approached by foreign governments officials with a…

A: Foreign Corrupt Practices Act (FCPA): Foreign Corrupt Practices Act was passed during the year 1977…

Q: Company Z is a foreign corporation duly organized and existing under the laws of Singapore. It is…

A: Solution Explanation- As per the sec 112(A) of the tax code , there is nothing directly attributable…

Q: From an accounting perspective, what effect does corporate inversion have on the financial…

A: The process by which financial transactions of the business are recorded and communicated with the…

Q: Describe the economic importance of Multi-national Corporations (MNC) with specific reference to the…

A: MNCs are those companies that has its business operations not limited just to its home country.…

Q: prepared using the local accounting requirements because these statements are

A: Ans. Financial statements are the basis of decision making for making informed economic decisions.

Q: Question Businesses that operate in more than one country are commonly referred to as          . A.…

A: The answer is provided as follows:

Q: Which of the following will disqualify a corporation from electing Subchapter S status?     All…

A: S corporation is formed for taking Tax advantage.

Q: Discuss the measurement of deferred tax in accordance with MPERS.

A: Guidance for measurement of deferred tax is provided in Section 29 of MPERS. An Entity shall…

Q: How is a One Person Corporation different from a Regular Domestic Corporation

A: Regular domestic corporations were very famous because of their limited liability ,…

Q: Which one of the following is covered by the Commercial company law of Oman? a. Municipalities b.…

A: limited liability companies and joint stock companies are covered by the Commercial company law of…

Q: the ability to operate anywhere in Canada and to use the same company name

A: Ans - c. The ability to operate anywhere in canada to use the same company name.

Q: Dividend income received by a domestic corporation from a nonresident foreign corporation may be…

A: Answer: D ALL OF THE ABOVE some how i will provide details for the above answer; basically the…

Q: What are the legal formalities the companies in Oman have to undergo to operate business as a Joint…

A: Oman, known officially as the Sultanate of Oman, is located on the mouth of the Persian Gulf,…

Q: The accounting standards used in the Philippines are adapted from the standards issued by the…

A: SOLUTION EXPLANATION - THE PHILIPPINES HAS ADOPTED IFRS STANDARD AS PHILIPPINES FINANCIAL REPORTING…

Q: operating headquarters (ROHQ) is a branch o different services and is subject to Phil income ta the…

A: The answer is yes: we need to understand the definition of regional regional headquarters and…

Q: For a U.S.-based company, which of the following would be an acceptable presentation of countries…

A: Operating segment is a segment that is required to disclose all the information about product or…

Q: The Bishops-Businessmen's Conference Philippines adopted the "Code of Ethics for the Philippines…

A: The code of ethics refers to the principles guide that is designed in order to help the…

Q: Shares are not deemed property within the Philippines when  a. The shares are issued by a domestic…

A: Shares are deemed property within the philippines when 1.The shares are issued by a domestic…

Q: Ebay Limited  is incorporated in Australia and is a 100 per cent owned subsidiary of an Australian…

A: 1]  Ebay Ltd is incorporated in Australia and is a 100% owned…

Q: Is the resident agent required to be a stockholder in the foreign corporation?

A:

Q: Which of the following dividend income is an income earned entirely within the Philippines? *…

A: Philippines taxes it's resident citizens on whole  worldwide income. Non resident citizens are taxes…

Q: The Bureau of Internal Revenue is under the jurisdiction of: a. The Department of Finance b. The…

A: Department of finance is related with revenue of the government. Department of labor and employment…

Q: Which of these foreign corporations is subject to regular corporate income tax? *   International…

A: Correct option is D. Regional operating headquarters of a multinational company    Regional…

Q: doing business in the Philippines without a license. The SEC issued summons to the corporation. A.…

A: As required by the corporation code of the Philippines, The corporation willing to do business in…

Q: content of an article of incorporation of Sec

A: SEC. 13. Contents = of the Articles of Incorporation. – All enterprises will record with the…

Q: Which of the following is not correct? a.The situs of income on interest is the residency of the…

A: Answer: The statement given are: a.The situs of income on interest is the residency of the debtor…

Q: Why would a company have a physical headquarters in one state but file for incorporation in another…

A: Explanation : A Corporation can be incorporated in only one state and it can handle business in all…

Q: Which one of the following is covered by the Commercial company law of Oman? a. Municipalities b.…

A: Joint stock companies are covered by the Commercial company law of Oman.Option b Joint-stock…

Q: w are shares classified according to Section 6, 7 and 8 of REPUBLIC ACT No. 11232 an Act Providing…

A: SEC. 6. Classification of Shares. – The classification of share, their relating rights, advantages,…

Q: is the income tax due if X corporation is a proprietary educational institution

A:

Q: Determine whether the sourcing of income for the following transactions is U.S. or foreign. a.…

A:

Q: 1. In light of the authority vested by the Tax Code to the Commissioner of Internal Revenue (CIR),…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: What would be the advantages of having companies formed at the federal level? Do you think these…

A: The confusion with the rising business is to weather go with the federal level registration or state…

Q: Do you agree on a bill passed by the House of Representatives stipulating 100% foreign-owned utility…

A: Here below discuss the details of the bill passed by the House of representatives to allow the…

Q: Identify the different forms of companies which may be formed in the Sultanate of Oman. Explain the…

A: Different kinds of companies     Limited Liability Company(LLC) Public Joint Stock Company(PJSC)…

Q: Which of the following is wrong? *   Foreign and domestic banks may have an EFCDU. A non-profit…

A: FCDUs under their license ae limited to short-term foreign currency denominated transactions and the…

Q: What is the difference between private Canadian corporation and public Canadian corporations?

A: According to the Government of Cannada, For tax purposes, the corporations are divided into types of…

Q: Core business headquarters (ROHQ) is a branch of a multinational corporation that offers a variety…

A: Taxation Regional Operating headquarters are subject to tax of 10% of their taxable income.…

Q: Businesses that operate in more than one country are commonly referred to as          . A.…

A: Option b is correct.  Businesses that operate in multiple countries in the world are called…

Q: The majority of business in Canada is conducted by corporations. True False

A: In Canada, more than 50% of the GDP of the business sector is contributed by small and medium…

Q: Explanation for the following statements 1.)"Metrobank was incorporated in Binondo, Manila by a…

A: 1 The statement informs that the Metrobank was consolidated in Binondo, Manila by a gathering of…

Q: f an article of incorporation of Section 13 in REPUBLIC ACT No. 11232 An Act Providing for the…

A: SEC. 13. Contents of the Articles of Incorporation. – All enterprises will record with the…

Q: Businesses that operate in more than one country are commonly referred to as , A) multiamerican…

A: Now a days companies are operating all over the world, due to globalization.

Q: Which one of the following is covered by the Commercial company law of Oman? a. Non-profit…

A: A Joint Stock Company is one of the business structures in which the shareholders hold the power to…