Before Subpart F Applies, a Foreign Corporation Must Be a CFC

question 14

Multiple Choice

Before subpart F applies, a foreign corporation must be a CFC for how many consecutive days?

• A)1
• B)30
• C)183
• D)365

---

Definitions:

Asset

An asset held or managed by a person, business, or nation, anticipated to yield future advantages.

Cash Received

The total amount of cash collected by a company during a specific period, including revenues, loans, and investments.

Salvage Value

The estimated residual value of an asset at the end of its useful life, which can be recovered through disposal.

Depreciation Expense

The distribution of a physical asset's cost throughout its lifespan.