A Qualifying S Election Requires the Consent of ____________________ of the Corporate

question 92

Short Answer

A qualifying S election requires the consent of ____________________ of the corporate shareholders.
or

---

Definitions:

Debt Securities

Financial instruments representing a loan made by an investor to a borrower, typically corporate or governmental.

Trading Investment

Securities bought and held primarily for selling in the near term to generate income on short-term price differences.

Carrying Amount

The value at which an asset is recognized on the balance sheet after deducting accumulated depreciation or amortization.

Investment Account

A financial account held at a financial institution that is used for the purpose of holding and managing investments such as stocks, bonds, mutual funds, and other assets.