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:

Pericycle

A layer of cells found just inside the endodermis in plant roots, involved in the formation of lateral roots and secondary growth.

Endodermis

The innermost layer of cells in the root cortex, serving as a selective barrier that regulates the passage of substances from the soil into the vascular cylinder.

Pericycle

A layer of cells just inside the endodermis in plant roots, which can give rise to lateral roots, contributing to the plant's growth and development.

Illuviation

The deposition of material leached from the upper layers of soil into the lower layers.