In Which of the Following Independent Situations Would Slane, a Foreign

question 108

Multiple Choice

In which of the following independent situations would Slane, a foreign corporation, be classified as a controlled foreign corporation? The Slane stock is directly owned 12% by Jen, 10% by Kathy, 12% by Leslie, 10% by David, 8% by Ben, and 48% by Mike.

• A) Jen, Kathy, Leslie, David, Ben, and Mike are all U.S. citizens.
• B) Jen, Kathy, Leslie, David, and Ben are all U.S. citizens. David is married to Kathy. Mike is a foreign resident and citizen.
• C) Jen, Kathy, Leslie, David, and Ben are all U.S. citizens. Ben is Mike's son. Mike is a foreign resident and citizen.
• D) Jen, Kathy, Leslie, David, and Ben are all U.S. citizens. Mike is a foreign resident and citizen.

---

Definitions:

Carbon Emissions

The release of carbon dioxide and other carbon compounds into the atmosphere, contributing to climate change.

Optimal Level

The most efficient, effective, or desirable point or state for achieving a specific goal or outcome.

Costs of Pollution

The economic, health, and environmental damages caused by the emission of pollutants.

Environmental Standards

Rules established by a government to protect the environment by specifying actions by producers and consumers.