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:

Method

A systematic way of doing something, especially one that is repeatable and can be written down as a set of procedures or steps.

Dangerous

Having the potential to cause harm, injury, or damage to organisms, property, or the environment.

Sea Turtles

Marine reptiles known for their long lives, migration across oceans, and endangered status due to human activities.