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:

Mortality Rates

The measure of the number of deaths (in general, or due to a specific cause) in a particular population, scaled to the size of that population, per unit of time.

Aggregate

A whole formed by combining several elements, typically referring to data or statistical results collected from multiple sources.

Population

A defined group of individuals, often in a specific area, or any collection of organisms studied in demographics or biology.

Vulnerable Population

Groups of people who, due to their economic, social, medical, or demographic characteristics, may have a higher risk of poor health outcomes.