Which of the Following Will Disqualify a Corporation from Electing

question 47

Multiple Choice

Which of the following will disqualify a corporation from electing Subchapter S status?

• A)The corporation has 80 shareholders.
• B)The corporation has one class of stock.
• C)The election form is signed by 80% of the shareholders.
• D)All shareholders are U.S.citizens except for 10% who are resident aliens.

Comprehend the concept and application of flipped classrooms in training.

Understand the popularity and application of action learning in different regions.

Determine suitable instructional methods for realistic scenario-based management training.

Recognize the role of problem-based learning in training.

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Definitions:

Issued Shares

The total number of shares that have been sold to and are held by shareholders.

Paid-In Capital

The amount of capital "paid in" by investors during common or preferred stock issuances, including the par value of the shares plus any amount paid in excess.

Par Value

A nominal value assigned to a share of stock in the corporation's charter, serving as the minimum price at which shares can be issued.

Common Stock

A type of equity security that represents ownership interest in a corporation, giving shareholders voting rights and a share in the company's profits via dividends.