True or False. A foreign corporation owned equally by 11 U.S. individuals can never be a controlled

Question:

True or False. A foreign owned equally by 11 U.S. individuals can never be a controlled foreign Explain.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...