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:

1964

A significant year in U.S. history marked by major civil rights advancements, including the passing of the Civil Rights Act, which outlawed discrimination based on race, color, religion, sex, or national origin.

Importance

The quality or state of being significant, valued, or necessary in a particular context or to a particular matter.