Which Statement Is Incorrect with Respect to an S Shareholder's

question 22

Multiple Choice

Which statement is incorrect with respect to an S shareholder's consent?

• A) Both husband and wife must consent if one owns the stock as community property.
• B) An S election requires a consent from all of the S corporation's shareholders.
• C) A consent must be in writing.
• D) All of these statements are correct.

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Definitions:

Dollar Rate

The exchange rate of a currency against the US dollar, indicating how much one US dollar is worth in the foreign currency.

Mathematical Definition

A precise and formal description of a term or concept within the realm of mathematics.

Investment

The act of allocating resources, usually money, with the expectation of achieving a gain or profit over time.

Capital Gains Yield

The price appreciation component of the total return on an investment, excluding dividends.