Which of the Following Will Render a Corporation Ineligible for S

question 93

Multiple Choice

Which of the following will render a corporation ineligible for S corporation status?
I.The corporation has 95 stockholders.
II.One of the stockholders is a citizen- resident of Canada.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

New Gadgets

Recently developed electronic devices or tools designed to perform specific tasks, often incorporating the latest technology.

Customer Relationship Management

A system for managing a company’s interactions with current and future customers, often utilizing technology to organize, automate, and synchronize sales, marketing, customer service, and technical support.

Supply Chain Management

The management of the flow of goods and services, including all processes that transform raw materials into final products.

Functional Barriers

Obstacles arising from the structure and functioning of an organization that hinder communication and cooperation among different departments or units.