Which of the Following Statements Is Not True Regarding the Liquidation

question 80

Multiple Choice

Which of the following statements is not true regarding the liquidation of an S corporation?

• A)The owners pay all taxes, debts, and creditors.
• B)The owners obtain the written approval of shareholders to dissolve the company.
• C)The owners file a statement of intent to dissolve with the secretary of state's office in each state where they conduct business.
• D)The owners distribute all assets of the corporation to the shareholders.

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