All of the Following Are Requirements to Qualify as an S

question 56

Multiple Choice

All of the following are requirements to qualify as an S corporation with the exception of

• A)the corporation must be a domestic corporation.
• B)the corporation may issue only one class of stock (disregarding voting rights).
• C)the corporation may not have more than 100 shareholders.
• D)the corporation shareholders may consist of only individuals,estates,trusts,and partnerships.

---

Definitions:

Degree Angle

A measurement of the turn between two lines intersecting at a point, expressed in degrees.

Wheelchair

A chair fitted with wheels by which a person can propel oneself.

Exam Table

A piece of medical furniture used in healthcare settings for patients to sit or lie on during a medical examination.

Ambulatory Aid

Devices designed to assist individuals in walking or improving their mobility, such as canes, walkers, or crutches.