Multiple Choice
Which of the following characteristics can disqualify a corporation from S corporation status?
A) A corporation has nonresident aliens as shareholders.
B) One of the corporation's shareholders is an estate.
C) A corporation has 101 shareholders including a husband and wife.
D) A corporation has voting and nonvoting stock,but both types of stock confer identical rights to distribution and liquidation proceeds.
Correct Answer:
Verified
Correct Answer:
Verified
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