In a Given Year, the U

In a given year, the U.S. IRS places an overall limitation applied to foreign tax credits.

A) the maximum tax credit is figured on world-wide foreign-source income; losses in one country can offset profits in another.
B) the maximum tax credit is figured on foreign-source income in each country; losses in one country cannot offset profits in another.
C) the overall limitation is limited to the amount of tax that would be due on the foreign-source income if it had been earned in the United States.
D) both a and c