Identify Which of the Following Statements Is True

question 69

Multiple Choice

Identify which of the following statements is true.

• A)A partnership can be an S corporation shareholder.
• B)A nonresident alien can be an S corporation shareholder.
• C)An S corporation can have more than 100 shareholders, since families are treated as a single shareholder.
• D)All of the above are false.

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Definitions:

Continuous Performance Test

A psychological task designed to measure a person's sustained and selective attention and impulsivity.

Cognitive Functioning

Mental processes that involve thinking, reasoning, problem-solving, and processing information.

Hereditary Component

The genetic aspect of a trait or condition, indicating its potential transmission from parents to offspring.

Long-term Memory

the phase of the memory process responsible for the storage of information for an extended period, from hours to a lifetime.