Question
Joe and Joan (husband and wife) jointly own 10 shares of stock in ABC Corporation, and the remaining 490 shares owned by 99 unrelated individuals.
Joe and Joan (husband and wife) jointly own 10 shares of stock in ABC Corporation, and the remaining 490 shares owned by 99 unrelated individuals. Will ABC Corporation meet the 100 shareholder limitation for S corporation status?
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Accounting An Introduction
Authors: Eddie McLaney, Peter Atrill
2nd Edition
0273655507, 978-0273655503
