Which of the Following Statements About Stock Ownership Is Not

question 103

Multiple Choice

Which of the following statements about stock ownership is not correct?

• A)A C corporation can own stock of an S corporation.
• B)An S corporation can own stock of a C corporation.
• C)A tax-exempt charity can own stock of an S corporation.
• D)An S corporation can own stock of a Qualified Subchapter S Subsidiary.

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Definitions:

PSA

Prostate-Specific Antigen, a protein produced by the prostate gland, levels of which are used to screen for and monitor prostate cancer.

Castrate

To remove the testicles of a male animal or person, leading to sterilization and the cessation of certain hormone production.

Testosterone

A steroid hormone produced primarily in the testes in males and the ovaries in females, playing key roles in health and well-being, including regulating sex drive, bone mass, fat distribution, muscle mass, and red blood cell production.

Seminal Vesicles

Glands that secrete fluid that partly composes semen and provides nutrients and a suitable environment for sperm outside the body.