Match the Definition with the Correct Term

question 22

Multiple Choice

Match the definition with the correct term. Not all of the terms have a match. A definition can be used more than once.
-Owner of shares counted in determining whether a foreign corporation is a controlled foreign corporation.

• A)Foreign base company income
• B)Foreign personal holding company income
• C)Controlled foreign corporation
• D)U.S. shareholder
• E)Previously taxed income
• F)More than 10 percent
• G)More than 50 percent
• H)More than 80 percent

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Definitions:

Direct Costs

Expenses that can be directly attributed to the production of specific goods or services, such as raw materials and labor.

Equity Capital

Money gathered by a firm in return for a stake in the company's ownership.

"Love Money"

Funds borrowed from family or friends to start a business, characteristically under flexible terms but carrying the risk of personal relationship strain.

Personal Assets

Assets owned by an individual, including cash, savings, property, and investments.