Identify Which of the Following Statements Is True

Multiple Choice

Identify which of the following statements is true.

A) An S corporation cannot own any stock of another corporation.
B) An S corporation cannot own 100% of the stock of another S corporation.
C) An S corporation that owns all of the stock of a Qualified Subchapter S Subsidiary (QSub) must report all the income, deductions, and losses of the subsidiary on its own tax return.
D) All of the above are true.