The Consent of All Shareholders Who Have Held Stock During

question 39

True/False

The consent of all shareholders who have held stock during the pre-election portion of the taxable year is required in order for the election of S corporation status to be effective for that taxable year, even if the election is filed timely.

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Definitions:

Null Hypothesis

A default hypothesis that there is no significant difference or association, used as a starting assumption in statistical testing.

F-ratio

The calculated statistic in ANOVA tests, determining whether there are any statistically significant differences between the means of three or more unrelated groups.

Income Levels

The categorized or continuous ranges of income received by individuals, households, or families, often used in socioeconomic and demographic analysis.

F Ratio

A statistic used in analysis of variance (ANOVA) to determine whether the means of several groups are equal.