Which of the Following Incomes Earned by a Controlled Foreign

question 91

Multiple Choice

Which of the following incomes earned by a controlled foreign corporation incorporated in Spain is not foreign personal holding company income?

• A)Interest income received from a loan to an unrelated party.
• B)Dividend income from a 5 percent investment in an unrelated corporation.
• C)Rent received from a passive investment in an apartment complex.
• D)Gross profit from the manufacture and sale of inventory to an unrelated party.

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Definitions:

Atherosclerosis

A progressive disease in which lipid deposits accumulate in the inner lining of arteries, leading eventually to impaired circulation and heart disease.

Complications

Unexpected problems or conditions that arise during or after a medical procedure, treatment, or illness, making the situation more difficult to manage.

Pulmonary Vein

A blood vessel that carries oxygenated blood from the lungs back to the left atrium of the heart.

Superior Vena Cava

A large vein that carries deoxygenated blood from the upper half of the body to the heart.