What Is the Minimum Number of Individuals Who Must Own

question 39

Multiple Choice

What is the minimum number of individuals who must own a corporation for it to avoid meeting the personal holding company designation?

• A)One
• B)Five
• C)Nine
• D)Ten

---

Definitions:

Departments Column

A structural element in databases or spreadsheets used to categorize and organize information based on departmental divisions.

Expenses Column

A specific column in a financial spreadsheet or database table that records the amounts spent on different items or services.

COUNTIF

A function in spreadsheet software that counts the number of cells that meet a specific condition within a range.

City Column

In databases or spreadsheets, a column specifically dedicated to storing city names or information related to cities.