A Controlled Foreign Corporation Is a Foreign Corporation in Which

question 12

True/False

A controlled foreign corporation is a foreign corporation in which U.S. shareholders own more than 50% of the voting power or stock value.

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Definitions:

Felony

A serious crime, typically involving violence, and usually punishable by imprisonment for more than one year or by death.

Burglary

The illegal entry into a building with the intent to commit a crime, especially theft, regardless of the time of day the entry is made.

Sarbanes-Oxley Act

A U.S. federal law enacted in 2002 aimed at protecting investors by improving the accuracy and reliability of corporate disclosures.

SEC Investigation

A probe conducted by the Securities and Exchange Commission into potential violations of securities laws to protect investors and maintain market integrity.