A Foreign Corporation with a Single Class of Stock Is

question 1

Essay

A foreign corporation with a single class of stock is owned equally by Jericho Corporation, a U.S. corporation, and Joshua, a nonresident alien. Joshua owns no Alpha Corporation stock. Is the foreign corporation a controlled foreign corporation (CFC)?

---

Definitions:

Commitment

Marcia’s term for personal investment in an occupation or system of beliefs.

Typological Approach

Theoretical approach that identifies broad personality types, or styles.

Personality Development

The continuous growth and evolution of an individual’s personality throughout life, influenced by both genetic factors and environmental impacts.

Ego-resilient

Refers to the ability of an individual to adapt flexibly and recover from stress or adversity.