Which of the Following Is a Requirement to Be an S

question 3

Multiple Choice

Which of the following is a requirement to be an S corporation?

• A)Be a domestic or foreign corporation
• B)Have only one class of stock
• C)Have fewer than 75 shareholders
• D)Have at least one corporate shareholder
• E)None of the choices are correct.

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Definitions:

Major Structure

The primary or most stable configuration out of various potential structures for a molecule.

Necessary Reagents

Specific chemicals or substances required to carry out a particular chemical reaction.

Reaction

A process in which chemical substances convert to other substances through the breaking and forming of chemical bonds.

Synthetic Steps

The individual reactions or processes that are performed in sequence to synthesize a desired chemical compound from simpler starting materials.