Given the following information,determine if FanCo,a foreign corporation,is a CFC. Shareholders of Voting foreign corporation power Classification Murray 24% U.S.person Nancy 20% U.S.person Otto 40% Foreign person Patricia 16% U.S.person Patricia is Murray's daughter.

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The Answer of Given the following information,determine if FanCo,a foreign corporation,is a CFC. Shareholders of Voting foreign corporation power Classification Murray 24% U.S.person Nancy 20% U.S.person Otto 40% Foreign person Patricia 16% U.S.person Patricia is Murray's daughter.

Given the Following Information,determine If FanCo,a Foreign Corporation,is a CFC