Multiple Choice
Which of the following is a requirement to be an S corporation?
A) be a domestic or foreign corporation.
B) have only one class of stock.
C) have fewer than 75 shareholders.
D) have at least one corporate shareholder.
E) none of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q23: C corporations that elect S corporation status
Q82: Distributions to owners may not cause the
Q85: An S corporation can make a voluntary
Q96: S corporations are required to recognize both
Q107: Which of the following statements is correct
Q112: Clampett, Inc., has been an S corporation
Q113: Suppose Clampett, Inc., terminated its S election
Q114: Hazel is the sole shareholder of Maple
Q119: Suppose that at the beginning of 2019
Q148: The S corporation rules are less complex