Which of the Following Is a Requirement to Be an S

question 78

Multiple Choice

Which of the following is a requirement to be an S corporation?

• A) be a domestic or foreign corporation.
• B) have only one class of stock.
• C) have fewer than 75 shareholders.
• D)have at least one corporate shareholder.
• E)None of these

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Definitions:

Spring Frost

An unexpected freeze during springtime that can damage or kill new plant growth and negatively impact agricultural production.

Artichoke Crop

The agricultural production focused on growing artichokes, a type of thistle cultivated as food.

Birthrate

The number of live births per thousand of the population per year.

Diapers

Absorbent items worn by infants and young children to contain their waste until they are potty trained.