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:

Best Friend

A person's closest and most trusted friend with whom they share deep personal connections and experiences.

Peer Relations

Refers to the social connections and interactions an individual has with their counterparts, especially concerning children or adolescents.

Equal Basis

A principle advocating for fairness and equality in treatment or opportunity among all parties involved.

Controversial

Relating to or causing public disagreement, debate, or dispute.