Which of the Following Statements About S Corporations Is True

question 41

Multiple Choice

Which of the following statements about S corporations is true?

• A) An S corporation has unlimited liability.
• B) An S corporation is a flow-through entity for federal income tax purposes.
• C) S corporations can only have 75 shareholders.
• D) S corporations can have several classes of stock.

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An innovation that significantly alters the way that industries operate, often displacing established market leaders.

Subscription Charges

Fees paid regularly (e.g., weekly, monthly, annually) to subscribe to a service or product.

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