Which of the Following Corporations Is Allowed to Make an S

question 46

Multiple Choice

Which of the following corporations is allowed to make an S corporation election?

• A)A U.S.owned and operated corporation with two individual owners.
• B)A U.S.corporation owned by a Brazilian corporation.
• C)A U.S.owned and operated corporation with 7,000 separate shareholders.
• D)None of the above could be an S corporation.

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A body of law that governs the activities of administrative agencies of government, including rule-making and enforcement.

Criminal Law

The body of law that relates to crime and the regulation of conducts prohibited by the state, including the imposition of penalties for their violation.

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A legal system based on codified laws and statutes, in contrast to common law, which is primarily based on judicial decisions and precedent.

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