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Gouda,SA Belgium

Question 90

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Gouda,S.A.,a Belgium corporation,received the following sources of income during 2017:
$10,000 interest income from a loan to its 100 percent owned Dutch subsidiary.
$20,000 dividend income from its 100 percent owned U.S.subsidiary.
$30,000 royalty income from its Irish subsidiary for use of a trademark outside the United States.
$40,000 rent income from its Canadian subsidiary for use of a warehouse located in Wisconsin.
$5,000 capital gain from sale of stock in its 40 percent owned New Zealand joint venture.Title passed in New Zealand.
What amount of U.S.source income does Gouda have in 2017?

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$60,000
U.S.source income cons...

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