To satisfy the "invested indefinitely" condition of APB Opinion No. 23, the subsidiary cannot pay any dividends.

Question

Quizplus · Accepted Answer

The "invested indefinitely" condition of APB Opinion No. 23 does not prohibit the payment of dividends by the subsidiary. It relates to the parent company's intention not to repatriate earnings from the foreign subsidiary, but this does not mean dividends cannot be paid; it's about the parent company's assertion regarding repatriation for tax purposes.

To Satisfy the "Invested Indefinitely" Condition of APB Opinion No