Bristol Corporation was formed as an SCorporation on January 1, 2014 and elected S corporation status at
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Question:
Bristol Corporation was formed as an SCorporation on January 1, 2014 and elected S corporation status at that date.Bristol has had the same 25 shareholders throughout its existence and has one class of stock.Bristol's S election will terminate if it:
A) Increases the number of shareholders to 125
B) 10% of the shareholders vote to revoke the election
C) Allows an individualto purchase10shares
D) Allows a variation in the voting rights of the stock
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