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What the gross profit from the sales is

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Problem 1: USAco, a domestic corporation, manufactures merchandise in the U.S. that it then sells in Canada. Title passes in Canada. The gross profit from these sales is:

Option (a) foreign-source because title passes in Canada.

Option (b) U.S.-source because the seller is a domestic corporation.

Option (c) U.S.-source because the merchandise was manufactured in the U.S.

Option (d) sourced under the 50-50 method.

Reference no: EM132476518

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