What Characteristic of a C Corporation Will Make It Possible

question 60

Multiple Choice

What characteristic of a C corporation will make it possible to pass the corporation on to new owners after the original owners pass away?

• A)vesting
• B)the laws of inheritance
• C)transferable ownership
• D)stockholder rights

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Definitions:

Ambrosia

In mythology, the food or drink of the gods, often depicted as conferring immortality; in the modern context, it can refer to something extremely pleasing to taste or smell.

Red-money Income

Is not a standard economic term and may refer to disposable income after taxes, but without an established definition, it's speculative.

Trust

A firm belief in the reliability, truth, ability, or strength of someone or something, often considered fundamental in social, economic, and political relationships.

Government

The governing body of a nation, state, or community, charged with directing and administering public policy and affairs.