Which of the Following Is a Requirement to Be an S

question 116

Multiple Choice

Which of the following is a requirement to be an S corporation?

• A)be a domestic or foreign corporation.
• B)have only one class of stock.
• C)have fewer than 75 shareholders.
• D)have at least one corporate shareholder.
• E)none of the choices are correct.

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Definitions:

Homozygous

Describes an organism with two identical alleles for a particular trait or gene.

Heterozygous

Possessing two different alleles of a gene, one inherited from each parent, resulting in variation of a genetic trait.

Infant Mortality

Death within the first year of life.

Maternity Leave

A period of absence from work granted to a mother before and after giving birth, intended to help with the baby's care and ensure the mother's recovery.