Identify the tax issue or issues suggested by the following situations and state each issue in the form of a question Durbin Corporation is incorporated and has its commercial domicile in State N This year, Durbin sold its manufactured products to customers in State N (61 percent of sales), State O...

In computing the sales factor for inclusion in the UDITPA formula for ...

Identify the tax issue or issues suggested by the following situations and state each issue in the

Question:

Identify the tax issue or issues suggested by the following situations and state each issue in the form of a question.
Durbin is incorporated and has its commercial domicile in State N. This year, Durbin sold its manufactured products to customers in State N (61 percent of sales), State O (28 percent of sales), and State P (11 percent of sales). Durbin has nexus with State N and State O. However, it has no physical presence in State P and therefore is not taxed by that state. Both State N and State O use the three-factor UDITPA formula to apportion income.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...