An S Corporation Cannot Be a Shareholder in Another Corporation

question 30

True/False

An S corporation cannot be a shareholder in another corporation.

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Definitions:

Entire Income

The total amount of earnings received by an individual or household from all sources before taxes and other deductions.

Breadfruits

A large tropical fruit with a starchy interior, often used as a vegetable in cooking and significant in some Pacific and Caribbean cuisines.

Melons

In an economic context, this term does not have a specific definition, so it's likely referring to the physical good in agricultural or trade discussions.

Decrease In Income

A reduction in the amount of money received, often impacting an individual's or household's ability to purchase goods and services.