Business, 03.05.2021 15:00, makenziehook8

Identify whether the corporations described below are controlled foreign corporations. a. Shetland PLC, a U. K. corporation, has two classes of stock outstanding, 75 shares of class AA stock and 25 shares of class A stock. Each class of stock has equal voting power and value. Angus owns 35 shares of class AA stock and 20 shares of class A stock. Angus is a U. S. citizen who resides in England.

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Identify whether the corporations described below are controlled foreign corporations. a. Shetland P...