Which of the Following Is True of an S Corporation

question 50

Multiple Choice

Which of the following is true of an S corporation?

• A) It can be incorporated anywhere in the World.
• B) It cannot have more than one hundred shareholders.
• C) The corporation has two classes of stock: common stock and preferred stock.
• D) It is capitalized as a general partnership firm.
• E) Any person from anywhere in the World can become a shareholder of the S corporation.

---

Definitions:

Rank Correlation

A statistic that measures the degree of association between two variables using the ranks of their data.

Oral Exam

An examination method where the candidate articulates responses to questions verbally, used to assess comprehension, communication skills, and knowledge.

Written Exam

A formal test conducted by asking questions on paper or digitally to assess a candidate's knowledge or proficiency in a particular subject or skill.

Psychometricians

Scientists who specialize in the theory and technique of psychological measurement, including the development and refinement of tests and measurements of personality, abilities, and attitudes.