Robert Is Seeking Additional Capital to Expand ABC Inc

question 45

Multiple Choice

Robert is seeking additional capital to expand ABC Inc. In order to qualify ABC as an S corporation, which type of investor group should Robert obtain capital from?

• A) 30 different partnerships
• B) 10 different C corporations
• C) 90 nonresident individuals
• D) 120 unrelated resident individuals
• E) None of these.

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Definitions:

Carol Gilligan

An American feminist, ethicist, and psychologist best known for her work on gender differences in moral development.

Moral Orientations

The preferred ethical standpoint an individual adopts when making decisions involving moral considerations.

Human Relationships

The connections, associations, or interactions between individuals or groups of people, ranging from fleeting to enduring affiliations.

Abstract Principles

Fundamental ideas or concepts that are not tied to specific instances or physical objects.