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:

Rituals

Prescribed procedures or ceremonial acts followed in a religious or secular context, often rich in symbolism and tradition.

Religiosity

The intensity, importance, or practice of religious beliefs and behaviors in an individual's life.

Opportunity

A set of circumstances that makes it possible to achieve something or a situation that offers the chance for progress or advancement.

Opium Of The People

A term used by Karl Marx, metaphorically describing religion's effect on people as a soothing but illusionary escape from their distress.