S Status Can Be Elected If 50% of All Shareholders

question 36

True/False

S status can be elected if 50% of all shareholders consent to the S corporation election on the date of the S corporation election.

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Definitions:

Evolutionary Psychologist

A professional in a branch of psychology that studies how evolutionary theory applies to human behavior and mental processes.

Economic Resources

Assets, capital, and materials available to individuals, businesses, or countries for producing goods and services to meet their needs and wants.

Evolutionary Psychologist

A professional who studies how evolutionary principles help explain the structure and function of the human mind.

Sleep and Dreams

Sleep and dreams pertain to the natural resting state characterized by altered consciousness and inactivity, during which the brain experiences vivid imagery and scenarios.