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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Definitions:

High Energy Level

A personal attribute characterized by an abundant amount of physical and mental vigor, often deemed necessary for entrepreneurial success.

Sense of Urgency

A perception or feeling that immediate action is necessary, often to capitalize on an opportunity or avoid a threat.

Quest for Achievement

The drive or ambition to accomplish goals, success, or recognition in one's activities or endeavors.

Results

The outcomes or conclusions derived from actions, experiments, or processes, often used to determine the effectiveness or success of an endeavor.