Which of the Following Is Not a Characteristic of an S

question 66

Multiple Choice

Which of the following is not a characteristic of an S corporation?

• A)Owners have limited liability
• B)The corporation is taxed directly on operating income
• C)The corporation can have no more than 100 shareholders
• D)Shareholders must consent to the original S election by the corporation

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Definitions:

Neuronal Degeneration

The progressive loss of structure or function of neurons, including death of neurons, often leading to neurological disorders.

Hippocampus

A critical structure within the brain involved in memory formation, navigation, and the processing of emotional responses.

Apraxia

A motor disorder caused by damage to the brain, characterized by difficulty in performing tasks or movements when asked, despite having the desire and the physical ability to do them.

Agnosia

A disorder marked by the inability to recognize or interpret sensory information, despite having functioning sensory pathways.