Which of the Following Requirements Is Not Required by a Corporation

Multiple Choice

Which of the following requirements is not required by a corporation to qualify for S corporation status?

A) The corporation must have only one class of stock.
B) The corporation must file a timely election to be treated as an S corporation.
C) The corporation must have no more than twenty-five shareholders.
D) The corporation generally may not own more than 80 percent of another corporation.