Which of the Following Is Not a Foreign Person

question 59

Multiple Choice

Which of the following is not a foreign person?

• A) Foreign corporation 51% owned by U.S. shareholders.
• B) Foreign corporation 100% owned by a domestic corporation.
• C) Citizen of Germany with U.S. permanent resident status (i.e., green card).
• D) Citizen of Italy who spends 14 days vacationing in the United States.

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Definitions:

Residual Value

The estimated salvage value or end-of-useful life value of an asset after all depreciation has been deducted.

Net Cash Flow

The amount of cash generated or used by a company in a specific period, calculated as cash received minus cash spent.

Operating Income

Profit realized from a business's core operations, excluding deductions of interest and taxes.

Cash Payback

A method used to evaluate the investment efficiency or the time period required to recoup the cost of an investment in cash flows.