Identify Which of the Following Statements Is True

question 95

Multiple Choice

Identify which of the following statements is true.

• A)A trust can own S corporation stock and have a C corporation as a beneficiary as long as the corporation is the sole beneficiary.
• B)A QSST is an arrangement whereby the stock owned by a number of shareholders is placed under trust control for purposes of exercising the stock voting rights.
• C)A testamentary trust can be converted into a QSST trust.
• D)All of the above are false.

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Definitions:

Delegation

The process of assigning responsibility and authority to others to carry out specific tasks.

Interdisciplinary

An approach that integrates ideas, methods, and theories from multiple disciplines to advance understanding or solve problems beyond the scope of any single discipline.

Applied Social Science

The application of social science theories and methods to real-world problems and situations.

Highly Scientific

Pertains to approaches, methods, or work that is based on or characterized by the principles and strict methodologies of science.