Which of the Following Characteristics Can Disqualify a Corporation from S

question 120

Multiple Choice

Which of the following characteristics can disqualify a corporation from S Corporation status?

• A)A corporation has nonresident aliens as shareholders.
• B)One of the corporation's shareholders is a qualifying trust.
• C)A corporation has 101 shareholders including a husband and wife.
• D)A corporation has voting and nonvoting stock, but both types of stock confer identical rights to distribution and liquidation proceeds.

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Definitions:

Cold Calls

A method of prospecting in which salespeople telephone or go to see potential customers without appointments.

Business Cards

Small cards printed with one's name, professional occupation, company position, business address, and other relevant contact information.

Office Products

Supplies and equipment used in offices for administrative or creative tasks, such as paper, printers, and office furniture.

Sales Reward

Incentives or bonuses given to sales personnel or customers to motivate purchases or reward performance achievements.