Question
Which of the following is true about an S corporation? An S corporation election requires the consent of a majority of its shareholders. It is
Which of the following is true about an S corporation?
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An S corporation election requires the consent of a majority of its shareholders.
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It is taxed at both the corporate and shareholder levels.
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It may only have 500 or fewer shareholders.
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Shareholders of an S corporation may be only individuals or trusts.
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A Guide To Auditing Programmes And Projects
Authors: Andrew Schuster, APM Assurance SIG
1st Edition
191330521X, 978-1913305215
