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[13] Which one of the following is not a requirement to make an S corporation election? A. Only one class of stock can be outstanding.
[13] Which one of the following is not a requirement to make an S corporation election?
A. Only one class of stock can be outstanding.
B. The corporation must have no trusts as shareholders.
C. Shareholder consent must be unanimous.
D. The entity must be a domestic entity that elects corporation treatment under the check-the-box regulations.
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