In Which of the Following Independent Situations Would a Foreign

question 136

Multiple Choice

In which of the following independent situations would a foreign corporation be classified as a controlled foreign corporation?

• A) The stock is directly owned 12% by Jen, 10% by Kathy, 12% by Leslie, 10% by David, 8% by Ben, and 48% by Mike. Jen, Kathy, Leslie, David, and Ben are all U.S. citizens. Mike is a foreign resident and citizen.
• B) The stock is directly owned 12% by Jen, 10% by Kathy, 12% by Leslie, 10% by David, 8% by Ben, and 48% by Mike. Jen, Kathy, Leslie, David, and Ben are all U.S. citizens. David is married to Kathy. Mike is a foreign resident and citizen.
• C) The stock is directly owned 12% by Jen, 10% by Kathy, 12% by Leslie, 10% by David, 8% by Ben, and 48% by Mike. Jen, Kathy, Leslie, David, and Ben are all U.S. citizens. Ben is Mike's son. Mike is a foreign resident and citizen.
• D) The stock is directly owned 12% by Jen, 10% by Kathy, 12% by Leslie, 10% by David, 8% by Ben, and 48% by Mike. Jen, Kathy, Leslie, David, Ben, and Mike are all U.S. citizens.

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Definitions:

Parallel Connections

Refers to multiple network or circuit connections that operate simultaneously alongside each other, sharing the load or data.

Branches

Instructions within a programming or control logic context that cause the execution flow to diverge based on certain conditions.

Output Instruction

In PLC programming, an Output Instruction is used to control the state of an output based on the logic implemented in the program.

Program Rung

A horizontal row in a ladder logic program, representing a basic control circuit where conditions lead to actions.