Which of the Following Is a Requirement to Be an S

question 116

Multiple Choice

Which of the following is a requirement to be an S corporation?

• A)be a domestic or foreign corporation.
• B)have only one class of stock.
• C)have fewer than 75 shareholders.
• D)have at least one corporate shareholder.
• E)none of the choices are correct.

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Definitions:

Religion

A set of beliefs, practices, and moral codes regarding the cause, nature, and purpose of the universe, often involving a deity or deities.

National Origin

The country where a person was born, or more broadly, the country from which an individual's ancestors originate.

Private Employment Agencies

Businesses that match employers with job seekers for a fee.

Part-Time Basis

Employment where individuals work fewer hours compared to full-time positions, often with flexible schedules and sometimes without benefits like health insurance.