Question
Which of the following events will cause the termination of an S election? The corporation no longer qualifies as a small business corporationA new shareholder
Which of the following events will cause the termination of an S election?
The corporation no longer qualifies as a small business corporationA new shareholder owning more than one-half of the stock affirmatively refuses to consent to the electionThe corporation does not meet the passive investment income limitationShareholders owning 60% of shares (voting and nonvoting) voluntarily revoke the electionAll of the above
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
8th Edition
1285190904, 978-1305176348, 1305176340, 978-1285190907
