Match the Definition with the Correct Term

question 90

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.
-A CFC's profits from sales of goods and services.

• 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:

Board Of Directors

A group of elected or appointed members who jointly oversee the activities of a company or organization.

Shareholder's Right

Legal entitlements and powers granted to shareholders of a company, such as voting on corporate matters and receiving dividends.

Bylaws

Regulations set by a corporation or other body to control its own actions and management.

Fiduciary Duties

Fiduciary duties refer to the obligations of loyalty and care that certain individuals, such as trustees or corporate officers, owe to those they serve.