Which of the Following Is a Requirement for an S-Corporation

question 201

Multiple Choice

Which of the following is a requirement for an S-corporation?

• A) The S-corporation must be incorporated in Delaware.
• B) The S-corporation can have no more than 100 stockholders.
• C) Only common and preferred stock can be sold to investors.
• D) At least 30 percent of the investors must be nonresident aliens.
• E) Only individuals can be stockholders.

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Definitions:

Categorical Data

Data that fit into distinct categories such as zip code or academic major.

Continuous Data

Data with incremental values between the minimum and maximum. For example, age can have values of years, months, weeks, days, hours, minutes, or seconds.

Frequencies

The counts or occurrences of specific events or characteristics in a set of data.

Central Tendency

A statistical measure that identifies a single value as representative of the middle of a dataset, commonly by using the mean, median, or mode.