Which of the Following Statements Regarding S Corporations Is True

question 18

Multiple Choice

Which of the following statements regarding S corporations is true?

• A) An S corporation may have no more than 50 shareholders.
• B) Any individual, estate, corporation, or trust may be an S corporation shareholder.
• C) An S corporation may have only one class of stock.
• D) An S corporation shareholder's allocable share of ordinary income is subject to self-employment tax.

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Definitions:

Environmental Considerations

The factors related to the natural and built environment that impact health and wellbeing.

Consultation

The process of seeking guidance or advice from an expert or professional in a specific field.

Communication

The act of conveying meanings from one entity or group to another through the use of mutually understood signs, symbols, and semiotic rules.

Havelock and Havelock

Refers to Eric A. Havelock and his significant contributions to the study of classical Greece, literacy, and the oral tradition; or alternatively, this could be interpreted as NO if no specific theory or concept by both individuals named Havelock is recognized.