An S Corporation Must Possess Which of the Following Characteristics

question 95

Multiple Choice

An S corporation must possess which of the following characteristics?

• A) Not more than one hundred shareholders.
• B) Corporation organized in the U.S.
• C) Only one class of stock.
• D) All of the above are required of an S corporation.
• E) None of the above are required of an S corporation.

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Definitions:

South African Apartheid

A policy or system of segregation or discrimination on grounds of race implemented in South Africa from 1948 until the early 1990s.

Sociological Principle

Foundational theories or laws within sociology that guide the analysis and understanding of social behaviors, structures, and phenomena.

Minority

A definable category of people who are socially disadvantaged.

Melting Pot

The blending of new immigrants’ traditions and cultural identity into the dominant American culture.