How Is a Foreign Subsidiary Different from a Foreign Branch

How is a foreign subsidiary different from a foreign branch of a domestic corporation?

A) Subsidiaries always generate more foreign source income than branches do.
B) The subsidiary is a company incorporated in the foreign country, whereas a branch is not a separate corporation.
C) A subsidiary is created to manufacture and distribute products in foreign markets, whereas a branch's only function is sales in the foreign market.
D) The income of a subsidiary is taxable by the country where it is located, but branch income is not subject to tax by the country where it does business.