Which of the Following Statements Is True of an S

question 93

Multiple Choice

Which of the following statements is true of an S corporation?

• A) It cannot have more than 100 shareholders.
• B) It is the official designation for a corporation with less than 500 employees.
• C) It is the least expensive form of organization to create.
• D) It does not have shareholders.
• E) It need not file an information return with the Internal Revenue Services since it does not pay any taxes.

---

Definitions:

Baseball

A team sport in which two teams take turns batting and fielding, trying to score runs by hitting a ball and running around four bases.

President's Council

An advisory group that offers recommendations and guidance to a country's president on specific issues or policies.

Physical Fitness

Physical fitness involves maintaining a level of health and physical readiness that allows an individual to perform tasks, engage in physical activities, and reduce the risk of health problems.

TV Watching

The act of viewing content on a television set, which can include shows, movies, news, and other forms of entertainment or information.