Which of the Following Persons Should Not Be Treated as a "U.S

question 72

Multiple Choice

Which of the following persons should not be treated as a "U.S. shareholder" of a controlled foreign corporation (CFC) for subpart F purposes?

• A) A U.S. corporation owning 15 percent of the CFC.
• B) A U.S. citizen owning 15 percent of the CFC.
• C) A U.S. citizen owning 5 percent of the CFC.
• D) All of the above named persons are U.S. shareholders for subpart F purposes.

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Definitions:

Memory

The processes by which information is encoded, stored, and retrieved.

Functional Fixedness

A cognitive bias that limits a person to using an object only in the way it is traditionally used, preventing them from seeing potential alternative uses.

Mental Set

A tendency to approach situations in a certain way because that method worked in the past, possibly hindering the ability to find alternative solutions.

Cognitive Map

A mental representation of the layout of one’s environment.