Which of the Following Corporations Is Allowed to Make an S

question 63

Multiple Choice

Which of the following corporations is allowed to make an S corporation election?

• A)A US corporation owned and operated by two US citizens (individuals).
• B)A US corporation owned by a Brazilian corporation.
• C)A US owned and operated corporation with 7,000 separate shareholders.
• D)None of the above could be an S corporation.

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Definitions:

Consumers

Organisms in an ecosystem that obtain energy by feeding on other organisms or organic matter, not capable of producing their own food.

Producers

Organisms, typically plants or algae, that produce organic compounds from simple substances present in their surroundings, usually through the process of photosynthesis.

Scientific Method

A systematic process for experimentation that is used to explore observations and answer questions.

Experimentation

The process of conducting tests or investigations to discover or verify a fact or law, playing a crucial role in scientific research.