Identify Which of the Following Statements Is False

question 53

Multiple Choice

Identify which of the following statements is false.

• A)Askew Corporation has ten unrelated shareholders, each of whom owns 10% of the outstanding stock. This corporation is a personal holding company.
• B)Stock owned by an individual, in addition to stock attributed from her spouse, parents, children, and siblings, are all counted towards whether or not the personal holding company stock ownership test has been met.
• C)S corporations and tax-exempt organizations are excluded from the personal holding company (PHC)definition.
• D)A person who holds an option to acquire stock is considered to own the stock for purposes of the PHC stock requirements.

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Definitions:

Self-help Support Groups

Peer-led groups that provide members with a forum to share personal experiences, coping strategies, and emotional support for various issues or conditions.

Indigenous

Peoples or groups that are native to a particular region or country, often having distinct cultural, social, and historical identities.

Competitive Orientation

A mindset that focuses on winning and being better than others, often emphasizing comparisons and contests.

Shared Leadership

A leadership approach where the roles and responsibilities are distributed among members of a group or organization rather than centralized in a single leader.