Identify Which of the Following Statements Is True

question 78

Multiple Choice

Identify which of the following statements is true.

• A)Convertible debt issues might be considered "stock" for purposes of the S corporation single class of stock requirement.
• B)The S election must be made no later than the fifteenth day of the fourth month of the tax year for which the election is to be effective.
• C)A majority of shareholders must consent to the S corporation election.
• D)All of the above are false.

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Definitions:

Hostile Environmental Harassment

A form of harassment that creates an intimidating, hostile, or offensive work environment, often based on race, sex, or ethnicity.

Sexual Jokes

Humor that involves sexual content, implications, or innuendos, often intended to provoke laughter or discomfort.

Underemployed Workers

Individuals who are working in jobs that do not utilize their skills and abilities fully or are working fewer hours than they would prefer.

Sexual Harassment

Unwanted sexual advances or obscene remarks, typically in the workplace or academic settings, which can create a hostile environment.