Which of the Following Statements Is Incorrect

question 26

Multiple Choice

Which of the following statements is incorrect?

• A)S corporations must allocate income and expenses to their shareholders based on their proportionate ownership interest.
• B)The number of S corporation shareholders is unlimited.
• C)S corporation income is taxed to shareholders when earned.
• D)S corporation losses can offset shareholder income from other sources.

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Definitions:

Sensory Memory

The shortest-term element of memory, which allows individuals to retain impressions of sensory information after the original stimuli have ended.

Central Executive

A component of working memory in cognitive psychology that manages and directs attention and the processing of information from other working memory subsystems.

Sensory Regulator

A device or technique used to manage or modulate sensory input to help an individual maintain an optimal arousal level.

Reflex Center

An area in the nervous system that coordinates involuntary responses or reflexes, often located in the spinal cord or brain.