The following persons own Schlecht Corporation, a foreign corporation. 
None of the shareholders are related.Subpart F income for the tax year is $300,000.No distributions are made.Which of the following statements is correct?
A) Schlecht is not a CFC.
B) Chee includes $90,000 in gross income.
C) Marina is not a U.S.shareholder.
D) Marina includes $24,000 in gross income.
E) None of the above statements is correct.
Correct Answer:
Verified
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