A Domestic Corporation Is One Whose Assets Are Primarily Located

question 73

True/False

A domestic corporation is one whose assets are primarily located in the U.S. For this purpose, the primarily located test (greater than 50%) applies.

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Definitions:

Secondary Sex Characteristics

Those physical characteristics that are not directly involved in reproduction but distinguish the mature male from the mature female.

Tertiary Sex Characteristics

Physical changes not directly involved in reproduction but that differentiate sexes, such as facial hair in men or wider hips in women.

Diminishment

The process of decreasing in size, importance, or intensity.

Secondary Sex Characteristics

Traits that appear at puberty, distinguishing biological sexes but not directly involved in reproduction, such as breast development in females and facial hair in males.