Which of the Following Would Not Result in an S

question 58

Multiple Choice

Which of the following would not result in an S election termination?

• A)Having 120 unrelated shareholders
• B)Having a C corporation as a shareholder
• C)Issuing a second class of stock
• D)Having excess passive investment income for two consecutive years
• E)None of the choices are correct.

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A non-volatile storage device that uses magnetic storage to save and retrieve digital information using one or more rigid rapidly rotating disks coated with magnetic material.

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Software that facilitates the communication between a device and its operating system.

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The foundational software that manages computer hardware and software resources, and provides common services for computer programs.

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Part of the operating system that enables individuals to interact with the computer.