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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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen
8th edition
1259917061, 978-1259917066
