Match the Definition with the Correct Term

question 76

Multiple Choice

Match the definition with the correct term. Not all of the terms have a match. A definition can be used more than once.
-Ownership threshold for U.S. shareholders to be deemed a controlled foreign corporation.

• A)Foreign base company income
• B)Foreign personal holding company income
• C)Controlled foreign corporation
• D)U.S. shareholder
• E)Previously taxed income
• F)More than 10 percent
• G)More than 50 percent
• H)More than 80 percent

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Definitions:

High-Low Method

A technique used in cost accounting to determine variable and fixed costs based on the highest and lowest levels of activity.

Machine Hours

A measure of the amount of time a machine is in operation, used as a basis for allocating manufacturing overhead to products.

Electrical Cost

The expense incurred from the consumption of electricity by a business or home.

Curvilinear Fashion

A term describing a line or relationship that curves in a smooth, non-linear manner, indicating a complex relationship between variables.