Identify Which of the Following Statements Is True

question 1

Multiple Choice

Identify which of the following statements is true.

• A) Convertible debt issues might be considered "stock" for purposes of the S corporation single class of stock requirement.
• B) A majority of shareholders must consent to the S corporation election.
• C) The S election must be made no later than the fifteenth day of the fourth month of the tax year for which the election is to be effective.
• D) All of the above are false.

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Definitions:

Fetal Periods

Stages of human development in the womb, from conception to birth, marked by rapid growth and organ formation.

Trimesters

The three periods of approximately three months each into which pregnancy is divided, marking different phases of fetal development.

Fetal Movements

The motions made by a developing fetus within the uterus, including kicks, rolls, and stretches, often detectable by the pregnant individual.

Gestation

The process of carrying or being carried in the womb between conception and birth, commonly referred to as the period of pregnancy.