Which of the Following Is a Requirement for a Business

question 8

Multiple Choice

Which of the following is a requirement for a business to qualify as a 'qualified small business corporation'?

• A)The shares must not have been owned by another non-related individual in the past 24 months.
• B)The shares must not have been owned by another related individual in the past 24 months.
• C)The corporation must be a CCPC that uses at least 50% of the fair market value its assets for active business purposes in Canada at the time the shares are sold.
• D)More than fifty percent of the fair market value of the assets of the business must have been used for active business in the past 36 months.

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Definitions:

Retroversion

A condition where an organ, such as the uterus, is tilted backward instead of its normal position.

Episiotomy

A surgical cut made in the perineum (the area between the vagina and the anus) to widen the vaginal opening for childbirth.

Colposcopy

A diagnostic procedure that uses a colposcope to closely examine the cervix, vagina, and vulva for signs of disease.

Colpotomy

A surgical cut made in the vagina to access the pelvic cavity for diagnostic or therapeutic procedures.