Yellowbox,a DVD Rental Company,would Like to Change Its Corporate Status

Multiple Choice

Yellowbox,a DVD rental company,would like to change its corporate status to that of an S corporation to avoid in-come taxes at the corporate level.To qualify,Yellowbox must

A) be located in the United States.
B) have more than one hundred shareholders.
C) be a non-profit corporation.
D) have more than one class of stock.