All Shareholders Must Consent to the Revocation of S Status

question 83

True/False

All shareholders must consent to the revocation of S status.

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Definitions:

Productive Capacity

The maximum output a company or economy can produce with its current resources, also reflecting the efficiency of production processes.

Financial Assets

Financial assets such as stocks and bonds are claims to the income generated by real assets or claims on income from the government.

Directly Contribute

To have a clear and straightforward impact on an outcome or result.

Indirectly Contribute

To assist or influence in a secondary manner or through an indirect channel or system.