Which of the following statements is incorrect? a. An S corporation can own stock of a C

Question:

Which of the following statements is incorrect?

a. An S corporation can own stock of a C corporation.

b. A C corporation can own stock of an S corporation.

c. A S corporation can be a partner in a partnership.

d. An estate can own stock of an S corporation.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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