Question

The greatest number of advance pricing agreements have been negotiated with the U.S. Internal Revenue Service (IRS) for which type of intercompany transaction? a) Sales of tangible property b) Licenses of intangible property c) Intercompany loans d) Intercompany services

Answer 1

a) Sales of tangible property

Step-by-step explanation:

An advance pricing agreements can be defined as an agreement made between the tax revenue agency and the tax payers made ahead of time on the appropriate transfer pricing model.

The greatest number of advance pricing agreements have been negotiated with the U.S. Internal Revenue Service (IRS) for sales of tangible property.