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.

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Definitions:

Skinner

B.F. Skinner, an American psychologist best known for his work in behaviorism and the development of the theory of operant conditioning.

Vocabularies

The collections of words that a person knows and uses in their speech and writing.

Reinforcement

In behavioral psychology, a stimulus or event that follows a behavior and increases the likelihood that the behavior will be repeated.

Skinner

Refers to B.F. Skinner, a prominent American psychologist known for his work in behaviorism and the development of the theory of operant conditioning.