An S Corporation Must Possess Which of the Following Characteristics

question 39

Multiple Choice

An S corporation must possess which of the following characteristics?

• A) Not more than 100 shareholders.
• B) Corporation organized in the United States.
• C) Only one class of stock.
• D) All of these.
• E) None of these.

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Definitions:

Involvement

The degree of interest and personal relevance a person finds in a particular situation or activity.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method or decision.

Product Development

The process of creating, designing, and bringing a new product to the market.

New Product

A good, service, or idea that is perceived by some potential customers as new and that is introduced to the market.