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An S Corporation Can Have Both Voting and Nonvoting Common

question 103

True/False

An S corporation can have both voting and nonvoting common stock as long as the shares of stock have identical rights to share in the profits and assets of the corporation.


Definitions:

High-Achieving

Describes individuals who consistently perform at a level significantly above the standard expectation in one or multiple areas.

Protective

Pertaining to or intended to protect someone or something from harm or danger, often by preventative measures or actions.

Anorexia Nervosa

A psychological and potentially life-threatening eating disorder characterized by self-starvation and excessive weight loss.

Excessive Fear

An irrationally intense and overwhelming emotion of fear, beyond what is considered normal or proportionate to the situation.

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