Which of the Following Is Not a Requirement for Qualification

question 6

Multiple Choice

Which of the following is not a requirement for qualification as an S corporation?

• A)The corporation must be a domestic corporation.
• B)The corporation must have 25 or fewer shareholders.
• C)The corporation must have only one class of stock outstanding.
• D)The shareholders of the corporation must not be nonresident aliens.
• E)None of the above.

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Definitions:

Equivocate

To use ambiguous language so as to conceal the truth or avoid committing oneself to a concrete stance.

Retreat

A period of seclusion, often for meditation, prayer, or study, away from one's normal environment.

Hypocritical

Characterized by behavior that contradicts stated beliefs or feelings, often involving pretense or deception.

Frederick Douglass

An African-American social reformer, abolitionist, orator, writer, and statesman who, after escaping from slavery, became a leader of the abolitionist movement.