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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Definitions:

XIC Instruction

A "Examine if Closed" instruction in PLC programming, used to check if a specific condition or input is true.

XIO Instruction

"Examine if Open" instruction in PLC programming, used to check if a Boolean input condition is false before executing the subsequent logic.

Series Contact Instructions

Guidelines or directives related to the configuration or wiring of electrical contacts in a series circuit arrangement.

Ladder Logic

A programming language used to program programmable logic controllers (PLCs), visually resembling the schematic diagrams of relay logic hardware.