Which Statement Is Incorrect About an S Corporation

question 141

Multiple Choice

Which statement is incorrect about an S corporation?

• A)Nonresident alien cannot own S stock.
• B)A one-person LLC classified as a disregarded entity can be a 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.

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Definitions:

RNA Interference

A biological process in which RNA molecules inhibit gene expression or translation, by neutralizing targeted mRNA molecules.

Noncoding RNA

RNA molecules that are not translated into proteins but have roles in regulating gene expression and other cellular processes.

Gene Expression

The process by which information from a gene is used to synthesize a functional gene product, typically protein or RNA.

LncRNA

Long non-coding RNA; a type of RNA longer than 200 nucleotides that does not code for protein but has roles in regulating gene expression.