Its u.s. net assets and liability amounts are 4000000 and, Ask an Expert

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Ou, a foreign corporation, operates a branch office in the United States. During the year, Qu has effectively connected profits of $1,100,000. Its U.S. net assets and liability amounts are $4,000,000 and $2,000,000 at the beginning of the year and $4,200,000 and $2,300,000 at the end of the year, respectively. What is Ou's dividend equivalent amount?

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Accounting Basics, Accounting

Category:- Accounting Basics
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