Alligood Corporation Has Two Classes of Common Stock Outstanding

question 32

Multiple Choice

Alligood Corporation has two classes of common stock outstanding. The Class A and Class B common stock give the shareholders identical rights and interests in the profits and assets of the corporation. Class A stock has one vote per share. Class B stock is nonvoting. Alligood Corporation may

• A)not make the S election due to different voting rights.
• B)make the S election once the Class B is retired.
• C)make the S election at any time.
• D)not make the S election due to two classes of stock.

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Definitions:

Social Well-Being

Refers to the overall state of an individual's social relationships, sense of community belonging, and fulfillment in social roles.

Excess Body Weight

Carrying more body fat than is optimally healthy, often defined by a Body Mass Index (BMI) over 25.

Risk Factor

An aspect or variable associated with an increased likelihood of suffering from a particular disease, condition, or injury.

Genes

The basic physical and functional units of heredity, made up of DNA, which determine specific characteristics by encoding proteins.