Which of the Following Is Not a Requirement of a Subchapter

question 66

Multiple Choice

Which of the following is not a requirement of a Subchapter S corporation?

• A) It must be a domestic corporation.
• B) It must have no more than 50 shareholders.
• C) A corporation or partnership cannot be a shareholder.
• D) It may have only one class of stock.

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Definitions:

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period of time.

Population Density

The number of individuals living in a given area, typically expressed as persons per square kilometer or square mile.

Fertility Rates

The average number of children that would be born per woman over her lifetime within a certain population.

Peasant Agriculture

A type of small-scale agriculture focusing on self-sufficiency and typically operated by families or small communities.