Which of the Following Statements Is True of S-Corporation

question 19

Multiple Choice

Which of the following statements is true of S-corporation?

• A) An S-corporation can have more than 100 stockholders.
• B) All profits of an S-corporation pass directly to the stockholders as they would pass to the partners in a partnership.
• C) An S-corporation is a variation of the LLC (limited liability company).
• D) Only foreign investors can own the shares of an S-corporation.

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Definitions:

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