Which of the Following Is a Requirement to Be an S

question 116

Multiple Choice

Which of the following is a requirement to be an S corporation?

• A)be a domestic or foreign corporation.
• B)have only one class of stock.
• C)have fewer than 75 shareholders.
• D)have at least one corporate shareholder.
• E)none of the choices are correct.

---

Definitions:

Social Support

The perception and actuality that one is cared for, has assistance available from other people, and is part of a supportive social network.

Individualistic

Pertaining to the principle of prioritizing the individual over group norms or values, often associated with independent action and self-reliance.

Collectivistic

A socio-cultural paradigm that emphasizes the importance of the community or group over the individual.

Pulmonary Disease

A broad term that encompasses diseases affecting the lungs and respiratory system, such as asthma, bronchitis, and emphysema.