Identify Which of the Following Statements Is True

question 47

Multiple Choice

Identify which of the following statements is true.

• A) An S corporation cannot own 100% of the stock of another S corporation.
• B) An S corporation that owns all of the stock of a Qualified Subchapter S Subsidiary (QSub) must report all the income, deductions, and losses of the subsidiary on its own tax return.
• C) An S corporation cannot own any stock of another corporation.
• D) All of the above are true.