Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. merivale is a u.s. corporation with operations thr

Merivale is a U.S. corporation with operations throughout the United States. In addition to its...

50.1K

Verified Solution

Question

Accounting

Merivale is a U.S. corporation with operations throughout the United States. In addition to its U.S. operations, it has a sales office in Calgary. Canadian employees who work out of this sales office take and approve orders for the company's products from Canadian customers. These orders are filled from a warehouse in Montana, USA. Which statement is correct? Merivale is not subject to Canadian income tax because it is not incorporated in Canada. Merivale is not subject to Canadian income tax because the orders are not filled from a Canadian warehouse. Merivale is subject to Canadian income tax on the income that is earned by the Calgary office. Merivale is not subject to Canadian income tax because the mind and management of the company is not in Canada,
image
Merivale is a U.S. corporation with operations throughout the United States. In addition to its U.S. operations, it has a sales office in Calgary. Canadian employees who work out of this sales office take and approve orders for the company's products from Canadian customers. These orders are filled from a warehouse in Montana, USA. Which statement is correct? Merivale is not subject to Canadian income tax because it is not incorporated in Canada. Merivale is not subject to Canadian income tax because the orders are not filled from a Canadian warehouse. Merivale is subject to Canadian income tax on the income that is earned by the Calgary office. Merivale is not subject to Canadian income tax because the mind and management of the company is not in Canada

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students