Which of the Following Is True of a C Corporation

question 62

Multiple Choice

Which of the following is true of a C Corporation?

• A) It cannot have more than 50 shareholders.
• B) Shareholders of such a corporation don't pay tax on their dividends.
• C) It must have more than 100 shareholders.
• D) Nonresident aliens cannot be shareholders.

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Definitions:

Security

A state of being protected or safe from harm, encompassing physical, emotional, and financial aspects.

Traditional Islamic

refers to the practices, teachings, and beliefs deeply rooted in the Islamic faith, handed down through generations.

Avoidance

A defensive or proactive behavior aimed at preventing discomfort, danger, or engaging with stressful situations.

Outcome

An outcome is the result or effect of an action, decision, or situation.