What Is the Maximum Number of Unrelated Shareholders a C

question 66

Multiple Choice

What is the maximum number of unrelated shareholders a C corporation can have, the maximum number of unrelated shareholders an S corporation can have, and the maximum number of partners a partnership may have, respectively?

• A)100; no limit; no limit
• B)no limit; 100; 2
• C)no limit; 100; no limit
• D)100; 100; no limit

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Definitions:

Credit Balance

The amount of money credited to an account, indicating the sum that a financial institution or vendor owes to the account holder.

Manufacturing Overhead

A rephrasing of Factory Overhead, encompassing all indirect costs associated with the manufacturing process, such as utilities, maintenance, and management salaries.

Indirect Labour Costs

Wages paid for labor that cannot be directly linked to specific products or services, such as maintenance staff or supervisors.

Work in Process

Items that are in the production process but not yet completed; a category of inventory.