Which Statement Is Incorrect About an S Corporation

question 154

Multiple Choice

Which statement is incorrect about an S corporation?

• A)Nonresident aliens cannot own S corporation stock.
• B)A one-person LLC can be an S shareholder.
• C)A partnership can own S corporation stock.
• D)An S corporation can be a partner in a partnership.
• E)None of the above statements is incorrect.

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Definitions:

Self-fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.

Social Cognition

The study of how people process social information, including understanding others, social attitudes, and cognition in social contexts.

Attribution

The process of ascribing causes to behaviors and events, often influencing how individuals understand and react to the world around them.

Self-fulfilling Prophecy

A belief or expectation that an individual holds about a future event that manifests because the individual holds it.