Which of the Following Is Not a Requirement of an S-Corporation

question 33

Multiple Choice

Which of the following is not a requirement of an S-corporation?

• A)maximum of 100 stockholders
• B)each stockholder must be a U.S.citizen or resident
• C)revenues must be less than $1 million annually
• D)all stockholders must concur with the decision to form the S-corporation

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Definitions:

Supreme Court

The highest judicial court in a country or state, which typically has the ultimate authority over all other courts in the jurisdiction.

Deadly Force

The exertion of force expected to result in death or critical bodily damage.

Dirty Harry Situation

A scenario where ethical principles conflict, often involving a choice between following strict procedures and taking morally questionable actions for the greater good.

Morally Good End

An outcome that is considered ethically positive or beneficial, measured by its contribution to the overall well-being or moral integrity of individuals or society.