A U.S. firm has significant profits that were earned overseas. When U.S. taxes are paid on these profits, the profits are considered to be:

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Repatriation refers to the process of bringing back profits earned overseas to the home country. In this scenario, the U.S. firm has earned significant profits overseas, and when U.S. taxes are paid on these profits, the profits will be repatriated back to the United States. Options A, B, D, and E do not accurately reflect the process of taxation and repatriation of overseas profits.

A US Firm Has Significant Profits That Were Earned Overseas