An S Corporation Cannot Have More Than One Class of Stock

question 33

True/False

An S corporation cannot have more than one class of stock.

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Definitions:

Lycopodiophyta

A division of vascular plants known as clubmosses that exhibit early characteristics of plant evolution such as microphyll leaves.

Bryophyta

A division of non-vascular plants that includes mosses, liverworts, and hornworts, characterized by a life cycle dominated by the gametophyte stage.

Hepaticophyta

A division of non-vascular plants known as liverworts, which are small, herbaceous, and often live in moist environments.

Anthocerophyta

Anthocerophyta is a phylum consisting of hornworts, a group of non-vascular plants that are characterized by their horn-like sporophytes and a simple, thalloid gametophyte.