Two U$.$S$.$ persons each own $28\%$ of FORco, with a

nonresident alien owning the remaining $44\%.$

FORco is incorporated in Country X$.$ Which one of

the following statements is true?

FORco is a CFC regardless of whether it performs

services solely inside its country of incorporation.

FORco is not a CFC unless it performs services

outside its country of incorporation.

FORco is a foreign branch subject to the US branch

taxes under section $884.$

All of the above.

None of the above.