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Which of the following statements about stock ownership is not correct? A. A tax-exempt charity can own stock of an S corporation. B. A C

Which of the following statements about stock ownership is not correct?

A.

A tax-exempt charity can own stock of an S corporation.

B.

A C corporation can own stock of an S corporation.

C.

An S corporation can own stock of a Qualified Subchapter S Subsidiary.

D.

An S corporation can own stock of a C corporation.

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