Question: A controlled foreign corporation ( CFC ) is a foreign corporation in which U . S . shareholders own less than 5 0 % of

A controlled foreign corporation (CFC) is a foreign corporation in which U.S. shareholders own less than 50% of its voting stock or more than 50% of the value of its outstanding
stock on any of the foreign corporation's tax year.
True
False
A controlled foreign corporation (CFC) is a foreign corporation in which

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