Which of the Following Statements Best Describes an S Corporation

Multiple Choice

Which of the following statements best describes an S corporation?

A) It is a form of corporation with a limited number of owners that operates under simpler, less formal rules than a C corporation.
B) It is a form of corporation that does not seek to earn a profit and differs in several fundamental respects from C corporations.
C) It is a form of corporation that avoids double taxation by having its income taxed as if it were a partnership.
D) It is a form of corporation that can have only institutional investors as stockholders.