Which of the Following Conditions Will Not Cause an S

question 92

Multiple Choice

Which of the following conditions will not cause an S election to be terminated?

• A)exceeding the 100-shareholder limit
• B)creating a second class of stock having a dividend preference
• C)selecting an improper tax year
• D)failing to file a timely tax return

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Definitions:

Impulsive

The tendency to act on a whim, displaying behavior characterized by little or no forethought, reflection, or consideration of the consequences.

Narcissistic Personality Disorder

A mental condition characterized by a long-term pattern of exaggerated self-importance, a need for excessive attention, and a lack of empathy for others.

Assessment Findings

Outcomes or conclusions derived from systematically evaluating information, typically in a professional setting like healthcare or education.

Grandiosity

An exaggerated sense of one's importance, power, knowledge, or identity, often seen in manic episodes and certain personality disorders.