Given the following information,determine if FanCo,a foreign corporation,is a CFC.
Patricia is Murray's daughter.
Definitions:
Accounting Experience
The practical knowledge and expertise gained through working in accounting and finance roles.
Sales
The total income received from selling goods or services over a specific time period, considered a critical measure of business performance.
General Ledger
A complete record of all financial transactions over the life of an organization, serving as the primary source of information for financial reporting.
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