An S Corporation Issues Two Classes of Common Stock: Class

question 45

True/False

An S corporation issues two classes of common stock: class A voting and class B nonvoting stock.The rights of both classes of stock are identical except for voting rights.The S corporation election will not be valid because more than one class of stock is outstanding.

---

Definitions:

Muscle Spindles

Sensory receptors within the belly of a muscle that detect changes in muscle length, informing the central nervous system to maintain muscle tone and posture.

Thoracic Cavity

The chamber of the body of vertebrates that is protected by the thoracic wall and contains the lungs and heart.

Superior Right Shoulder

An anatomical reference to the upper part of the right shoulder, indicating a location above and to the right of the torso.

Abdomen

The part of the body that lies between the thorax (chest) and the pelvis, containing most of the digestive organs among others.