which is true of an S corporation? a. there can be no more than 50 shareholders...

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which is true of an S corporation? a. there can be no more than 50 shareholders...

which is true of an S corporation?

a. there can be no more than 50 shareholders

b. there can only be one class of stock

c. a majority of shareholders must agree the company should be an S corporation

d. all the above

business accounting

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Answer 1

Answer #1

b.there can only be one class of stock.

An S corporation can have no more than 100 shareholders...(as opposed to 50 given in option A).

There can only be one class of stock.

There is no particular rule that majority of shareholders must agree the company should be an S corporation.

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Answer 2

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