A controlled foreign corporation $($CFC$)$ is

Multiple Choice

one that has no "overall limitation$"$ in regards to its foreign tax credits.

a foreign subsidiary that has more than $50$ percent of its voting equity owned by U$.$S$.$ shareholders.

a separate domestic U$.$S$.$ corporation actively engaged in business in a U$.$S$.$ possession $($Puerto Rico and the U$.$S$.$ Virgin Islands$).$

a foreign corporation established as an affiliate of a U$.$S$.$ corporation for the purpose of "buying" from the U$.$S$.$ corporation property for resale and use abroad.