_____ Which of the Following Is the Key Determinant in Whether

_____ Which of the following is the key determinant in whether activity in a foreign country is subject to the foreign country's income taxes?

A) Whether the foreign activity is conducted in the branch form of organization or in the subsidiary form of organization.
B) Whether the foreign activity is deemed to be a controlled foreign corporation (CFC) .
C) The existence of intracompany inventory transfers.
D) Whether the foreign operation has as its functional currency the local currency-not the U.S. dollar.
E) None of the above.