Which Statement Is Incorrect with Respect to an S Shareholder's

question 78

Multiple Choice

Which statement is incorrect with respect to an S shareholder's consent?

• A) Both husband and wife must consent if one owns the stock as community property.
• B) An S election requires a consent from all of the S corporation's shareholders.
• C) A consent must be in writing.
• D) None of the above statements is incorrect.

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Definitions:

Compliance

Compliance involves conforming to a rule, standard, or command, often within societal, legal, or regulatory frameworks.

Obedience

The act of following orders or complying with instructions, typically from an authoritative figure.

Realistic Conflict Theory

A social psychological model that suggests intergroup conflicts, and negative prejudices and stereotypes, arise from competition between groups for limited resources.

Violence

Behavioral actions that involve physical force intended to hurt, damage, or kill someone or something.