Hay Corporation manufactures and sells ceramic dinnerware.The company also sells dinnerware that is purchased from unrelated foreign producers.During the tax year 2012,Hay had a U.S.profit of $1.2 million (QPAI) and a profit from the imported merchandise of $200,000.What is Hay's DPAD?
A) $36,000.
B) $72,000.
C) $108,000.
D) $117,000.
E) None of the above.
Correct Answer:
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