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:

Respiratory Infection

An infection of the lungs, throat, or airways, caused by viruses or bacteria, leading to illnesses like pneumonia or bronchitis.

Neutrophils

A type of white blood cell that plays a crucial role in defending the body against infection.

Oxygen Saturation

The percentage of hemoglobin binding sites in the bloodstream occupied by oxygen, a critical measure of respiratory efficiency.

Thorax Expands

The increase in chest volume during inhalation, facilitated by the muscles of respiration, allowing air to enter the lungs.