Question 48 Which of the following events will NOT automatically terminate a corporation's S election assuming the event occurs after the Selection's effective date? OA) A current shareholder sells some of his shares to several new shareholders causing the number of shareholders to exceed 100. OB) The S corporation collects income from a foreign (non-US) source. OC) The S corporation issues preferred stock. OD) The S corporation issues stock to a non-resident alien. 2 pts OE) All of the above events will terminate the corporation's S election.

Which of the following events will NOT automatically terminate a corporation's S electon assuming the event occurs after the 5 elections effective dare? A) A curment shaveholder selis soine of his shares to several new sharcholders cavusing the number of sharetsolden to exceed too 6. The 5 corporation collects income trom a foreign (hon-US) source. C The 5 corporation issues preferred stock. D) The 5 corporation issues stock to a non-resident alien. E) All of the above events will terminate the corporation's $ election