Identify a True Statement About an S Corporation

Multiple Choice

Identify a true statement about an S corporation. 

A) An S Corporation is required to have more than 100 stockholders.
B) An S Corporation is required to have more than one type of stock outstanding.
C) The income of an S Corporation passes through the company to the owners.
D) The income of an S Corporation is taxed twice, at the corporate level and the owner level.
E) The income of an S Corporation is taxed as capital gains to the owners.