Question
Which of the following events will cause the termination of an S election? The corporation no longer qualifies as a small business corporation A new
Which of the following events will cause the termination of an S election?
| The corporation no longer qualifies as a small business corporation | ||
| A new shareholder owning more than one-half of the stock affirmatively refuses to consent to the election | ||
| The corporation does not meet the passive investment income limitation | ||
| Shareholders owning 60% of shares (voting and nonvoting) voluntarily revoke the election | ||
| All of the above |
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Auditing And Accounting Cases Investigating Issues Of Fraud And Professional Ethics
Authors: Jay Thibodeau, Deborah Freier
3rd Edition
0078110815, 9780078110818
