What Is the Maximum Number of Unrelated Shareholders a C

question 49

Multiple Choice

What is the maximum number of unrelated shareholders a C corporation can have, the maximum number of unrelated shareholders an S corporation can have, and the maximum number of partners a partnership may have?

• A) 100; no limit; no limit
• B) no limit; 100; 2
• C) no limit; 100; no limit
• D)100; 100; no limit

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Definitions:

Variable Cost

Expenses that change in proportion with production output or business activity level.

Milling Machine

A machine tool used to machine solid materials, typically by cutting, boring, drilling, or threading.

Productive Capacity

The maximum output a system can produce over a specific period under normal working conditions.

Direct Labor Hours

Total count of hours devoted by employees in the direct creation of goods or offering of services.