Multiple Choice
Robert is seeking additional capital to expand ABC Incorporated. In order to qualify ABC as an S corporation, which type of investor group could Robert obtain capital from?
A) 30 different partnerships.
B) 10 different C corporations.
C) 90 nonresident individuals.
D) 120 unrelated resident individuals.
E) None of the choices is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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