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Which of the following requirements is NOT required by a corporation to qualify for S corporation status? A The corporation must have only one class
Which of the following requirements is NOT required by a corporation to qualify for S corporation status?
A The corporation must have only one class of stock.
B The corporation must file a timely election to be treated as an S corporation.
C The corporation must have no more than twentyfive shareholders.
D The corporation generally may not own more than percent of another corporation.
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