Which of the Following Is Not One of the Standards

question 53

Multiple Choice

Which of the following is not one of the standards that a business must meet to qualify for status as a subchapter S corporation?

• A) The business must be a subsidiary of another corporation.
• B) All shareholders must agree to have the corporation formed as a subchapter S corporation.
• C) It can have no more than 100 members (husbands and wives count as one member).
• D) It can have only one class of stock issued and outstanding.
• E) The shareholders must be U.S. citizens.

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Definitions:

Laptops

Portable personal computers designed for mobile use, with the capabilities of desktop PCs but compact enough for easy transport.

Marginal Cost of Crime

The additional cost incurred by society or the economy as a result of one additional act of crime.

Property Crimes

Illegal activities that involve the theft or destruction of property belonging to others, such as burglary, larceny, and vandalism.

Quantity of Crime

The total number of criminal acts committed within a specific area or during a specific time period.