Any Corporation with More Than 100 Shareholders Is Automatically Considered

question 100

True/False

Any corporation with more than 100 shareholders is automatically considered a C corporation for federal income tax purposes.

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Definitions:

Full-line Discount

Retailers that offer a wide range of products from various categories at discounted prices, aiming to be a one-stop shop for consumers.

General Merchandise

Refers to a broad category of products that are sold by retailers, including household goods, apparel, and automotive products, among others.

Specialty Stores

Retail outlets focusing on specific product categories, offering a deep assortment within those categories, accompanied by expert knowledge and high service levels.

Competitive Pressures

The forces and dynamics within a market that compel businesses to compete more aggressively for customers, market share, and profitability.