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.

---

Definitions:

Authentic Leaders

Leaders who are genuine, transparent, and trustworthy, and who lead with their real selves, promoting openness and honesty.

Common Good

The benefit or interests of all participants in a society or community, prioritizing collective well-being over individual gain.

Developmental Perspective

An approach that considers how a person's development, encompassing physical, cognitive, and emotional growth, impacts their behavior and interactions.

Compass

A navigational instrument used to determine direction relative to the Earth's magnetic poles.