When a company operates m multiple countries with different tax rates, which of the following is TRUE regarding transfer prices? The transfer price should be high if the selling unit is in the high tax country. The transfer price should be set to minimize total taxes paid. The transfer price should be low A the buying unit is in the high tax country. Transfer prices should be set to minimize taxes paid in the low tax country. The supplying division of a company produces a component which is sold to the company's during division and to external customers. $40 per unit and can sell the component of its external customers for $75. The buying division can purchase a similar component from following is true regarding transfer prices? Assuming the supplying division has excess capacity the minimum transfer price it would charge them burring division is $75 The supplying division would have to consider the amount of fixed costs related to the component before determining the transfer The transfer price that the supplying division could charge the buying division is $80 or whether the supplying Assuming the supplying division has no excess capacity, the minimum amount it would charge the buying division is $40