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Which of the following statements about organizational forms for conducting foreign operations is false? Multiple...

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Accounting

Which of the following statements about organizational forms for conducting foreign operations is false?
Multiple Choice
Income from a foreign branch office is reported on the consolidated U.S. income tax return.
Income from foreign operations conducted through a foreign subsidiary is reported on the consolidated U.S. income tax return.
Income from foreign operations conducted through a domestic subsidiary is reported on the consolidated U.S. income tax return.
Dividends received by a U.S. multinational corporation from a foreign subsidiary are reported on the consolidated U.S. income tax return.
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