Which Is True of an S Corporation

question 28

Multiple Choice

Which is true of an S corporation?

• A)There can be no more than 50 shareholders.
• B)There can be only one class of stock.
• C)A majority of shareholders must agree the company should be an S corporation.
• D)All of these are correct.

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Definitions:

Sound Frequency

The number of sound vibrations or cycles per second, usually measured in Hertz (Hz), determining the pitch of the sound.

Intensity Threshold

The minimum level of stimulus intensity that is required to elicit a perceptible response in a sensory system.

Sound Frequency

A measure of the number of sound vibrations or cycles per second, typically expressed in Hertz (Hz), determining the pitch of the sound.

Male Cricket Calls

Sounds produced by male crickets, often by rubbing their wings together, to attract females or deter rivals.