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A business's S corporation status is automatically terminated if? A. The corporation's form 1120-s is filled late without a valid extension. B. All shares in

A business's S corporation status is automatically terminated if? A. The corporation's form 1120-s is filled late without a valid extension. B. All shares in the corporation are acquired by the shareholder. C. The number of shareholders exceeds 100. D. The corporation adopts a 52-53-week year.

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