Answer the following question

DISCUSSION QUESTIONS 11.1 Eligibility Requirements. May the following corporations elect Subchapter S? If not, explain why. a. A corporation is 100% owned by another corporation. b. A corporation has 101 shareholders, including Mr. and Mrs. V and Mr. and Mrs. Z. c. A family corporation is owned by a father and his three children. Since the children are under age 18, their shares are held in a trust. d. A corporation has 1,000 shares of common stock outstanding and 500 shares of authorized but unissued preferred stock. e. A corporation has 70 unrelated shareholders and 35 shareholders who are all descendants of Mr. and Mrs. A. DISCUSSION QUESTIONS 11.1 Eligibility Requirements. May the following corporations elect Subchapter S? If not, explain why. a. A corporation is 100% owned by another corporation. b. A corporation has 101 shareholders, including Mr. and Mrs. V and Mr. and Mrs. Z. c. A family corporation is owned by a father and his three children. Since the children are under age 18, their shares are held in a trust. d. A corporation has 1,000 shares of common stock outstanding and 500 shares of authorized but unissued preferred stock. e. A corporation has 70 unrelated shareholders and 35 shareholders who are all descendants of Mr. and Mrs. A