When Establishing a Subsidiary Overseas, the Following Holds, Except

When establishing a subsidiary overseas, the following holds, except

A) a financial manager has to be aware of the different types of taxes in a country
B) reconciling taxes can be challenging because of the different accounting standards between countries
C) a parent and a subsidiary have to follows both country's tax laws
D) a subsidiary usually prefers to work with the local offices of major international banks
E) a subsidiary in a foreign country is not a separate freestanding incorporated company unlike a branch