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.

---

Definitions:

Downy

In a non-brand context, the term can refer to anything characterized by being soft, fluffy, or tender, often used to describe textures.

False Claims

False claims refer to assertions or statements made that are untrue or misleading, often used in advertising or legal contexts.

Canada Competition Act

A Canadian federal law designed to promote fair competition in the marketplace by regulating anti-competitive practices.

Fair-Trade Coffee

Fair-trade coffee is coffee that is certified as having been produced and traded under stringent fair-trade standards, which aim to ensure ethical treatment and fair compensation for producers.