Which of the Following Statements About S Corporations Is Most

Multiple Choice

Which of the following statements about S corporations is most accurate?

A) The major attraction of S corporations is that they avoid the problem of double taxation.
B) S Corporations are similar to C corporations, except that the majority of owners are foreign investors.
C) Any corporation willing to pay the necessary fees and fill out the required paperwork can become an S Corporation.
D) Only large corporations with operations in more than one state can qualify to be classified as S corporations.