Which of the Following Criteria Must Be Met for a Company

question 44

Multiple Choice

Which of the following criteria must be met for a company to be an S corporation?

• A) Shareholders must be other corporations or partnerships.
• B) Nonresident aliens cannot be shareholders.
• C) The corporation must have more than 100 shareholders.
• D) The corporation must have more than one class of stock.

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Definitions:

19th Amendment

An amendment to the United States Constitution that granted American women the right to vote, ratified in 1920.

Women's Vote

The right of women to vote in elections, a historic achievement in the struggle for gender equality that was realized in various stages globally throughout the 19th and 20th centuries.

Constitution

The fundamental principles and established precedents according to which a state or other organization is governed.

Economic Climate

The general condition of the economic environment that influences business activities and financial performance.