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All of the following will result in the termination of a corporation's status asan S corporation except: A) Having passive investment income of more than
All of the following will result in the termination of a corporation's status asan S corporation except:
A) Having passive investment income of more than 25% of gross receipts in initial year.
B) Transfer of stock to a partnership.
C) Acquiring a 101st shareholder.
D) Issuing preferred stock.
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