Which of the Following Is an Incorrect Statement Regarding Subchapter

Multiple Choice

Which of the following is an incorrect statement regarding Subchapter S corporations?

A) Subchapter S corporations may issue only one class of stock.
B) Subchapter S corporations may be domestic or foreign, but they cannot be alien.
C) Taxation in Subchapter S corporations is pass-through, like partnership taxation.
D) Subchapter S corporations may not have more than 100 shareholders.