If an S Corporation Never Operated as a C Corporation

question 12

True/False

If an S corporation never operated as a C corporation, it may earn passive investment income without fear of an involuntary S election termination.

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Definitions:

Selenium

A chemical element with symbol Se and atomic number 34, known for its role in human health as a trace mineral important for the antioxidant activity of certain enzymes.

Fertility

The capability of an organism to reproduce, often evaluated in terms of the quality and quantity of gametes.

Metabolism

The overall chemical functioning of the body, including all body processes that build small molecules into large ones (anabolism) and break down large molecules into small ones (catabolism).

Soluble Fiber

A type of fiber that dissolves in water, forming a gel-like substance that can help lower blood cholesterol and glucose levels.