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:

Sodium Sulfate

An inorganic salt used in detergents, paper manufacturing, and glass production, known chemically as Na2SO4.

Atoms

Atoms are the basic units of matter and the defining structure of elements, consisting of a nucleus surrounded by electrons, and classified by the number of protons they contain.

Washing Detergent

A chemical substance used to break up and remove dirt and grease from fabrics, commonly in the form of powder or liquid.

Calcium Nitrate

An inorganic compound used as a nitrogen fertilizer in agriculture and also in waste water pre-conditioning for odor emission prevention.