An S Corporation Can Have Both Voting and Nonvoting Common

question 103

True/False

An S corporation can have both voting and nonvoting common stock as long as the shares of stock have identical rights to share in the profits and assets of the corporation.

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Definitions:

DNA Synthesis

The natural or artificial creation of DNA molecules, involving the enzymatic assembly of nucleotides in a sequence-specific manner.

Polynucleotide Strand

A long chain of nucleotide units linked together, forming part of the structure of DNA or RNA molecules.

Phosphates

salt or ester of phosphoric acid, often used in fertilizers and food additives, and plays a significant role in biochemistry.

Phosphodiester Linkage

The type of bond that joins the sugar and phosphate groups of adjacent nucleotides in DNA and RNA.