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:

Annuities

Financial products that provide a series of payments over time, often used for retirement savings.

Future Values

The value of an asset or cash at a specified date in the future that is equivalent in value to a specified sum today.

Compounded Monthly

A method of calculating interest where the accumulated interest is added to the principal amount at the end of each month.

Single Parent

An individual who has at least one child and raises them without the assistance of the other biological parent in the home.