A Controlled Foreign Corporation (CFC) Is

question 80

Multiple Choice

A controlled foreign corporation (CFC) is

• A)a foreign corporation established as an affiliate of a U.S. corporation for the purpose of "buying" from the U.S. corporation property for resale and use abroad.
• B)a foreign subsidiary that has more than 50 percent of its voting equity owned by U.S. shareholders.
• C)a separate domestic U.S. corporation actively engaged in business in a U.S. possession (Puerto Rico and the U.S. Virgin Islands).
• D)one that has no "overall limitation" as regards to its foreign tax credits.

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Definitions:

Scheduler

A system or tool that organizes and allocates resources or tasks over time, managing the timing of activities or operations.

Freezing

In the context of project management, it refers to the process of locking in the scope and specifications of a project to prevent changes.

Production System

A system that encompasses all activities, resources, and processes involved in the production of goods or services.

Toyota Production System

A highly efficient and integrated approach to production and manufacturing, emphasizing waste reduction, continuous improvement, and customer focus.