Alligood Corporation Has Two Classes of Common Stock Outstanding

Multiple Choice

Alligood Corporation has two classes of common stock outstanding. The Class A and Class B common stock give the shareholders identical rights and interests in the profits and assets of the corporation. Class A stock has one vote per share. Class B stock is nonvoting. Alligood Corporation may

A) not make the S election due to different voting rights.
B) make the S election once the Class B is retired.
C) make the S election at any time.
D) not make the S election due to two classes of stock.