Which of the Following Is True of a C Corporation

question 53

Multiple Choice

Which of the following is true of a C Corporation?

• A)It doesn't pay tax at the corporate level.
• B)Shareholders of such a corporation don't pay tax on their dividends.
• C)It must have more than 100 shareholders.
• D)Nonresident aliens cannot be shareholders.

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Definitions:

Integrated Contracts

Legal documents that combine all agreements and terms related to a particular deal or relationship into a single, comprehensive document.

Merger Clause

A provision in a contract stating that the agreement is the complete and final agreement between the parties, superseding all oral or written agreements made prior.

Statute Of Frauds

A legal doctrine requiring certain contracts to be in writing and signed by the parties involved, to be enforceable.

Admission

The act of conceding to a point in an argument or acknowledging the truth of a claim, or the allowance into a place, organization, or institution.