9. Identify which of the following statements is true

a. A partnership can be an S-Corporation shareholder

b. A nonresident alien can be an S-Corporation shareholder

c. An S-Corporation can have more than 100 shareholders, since families are treated as a single shareholder

d. An S-Corporation can have a maximum of two classes of stock

10. Which of the following would terminate a Subchapter S election?

a. Estate becomes a shareholder

b. Grantor trust becomes a shareholder

c. Voting trust becomes a shareholder

d. Partnership becomes a shareholder

11. Which of the following items is not separately stated for an S-Corporation?

a. Short-term capital gain

b. Dividend income

c. Section 1245 income

d. Charitable contributions