Which of the Following Is a Requirement to Be an S

question 78

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 these

---

Definitions:

Chemotherapy

The use of chemical substances, particularly anticancer drugs, to treat diseases by killing or inhibiting the growth of pathogenic cells.

Advance Directive

Legal documents that outline a person's wishes regarding medical treatment in circumstances where they are unable to communicate them directly.

Communicate

The act of conveying information or expressing thoughts and feelings through speech, writing, or other forms of expression.

Code of Ethics

A written set of guidelines that outlines the ethical standards and expected behaviors for professionals in a specific field.