Evaluate the advantages of separate transaction methods and the profit and loss methods over one another when translating foreign income. Create an argument for using one method over the other.
Your new client is a U.S. corporation that owns foreign affiliates that use a functional foreign currency. Construct a scenario in which your client could distribute income and avoid or mitigate the tax impact of those distributions.
Please make sure that the bullet point and solutions are together and the solution is a paragraph long.
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