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Which of the following will render a corporation ineligible for S corporation status? The corporation has 95 stockholders. I. II. One of the stockholders is

Which of the following will render a corporation ineligible for S corporation status? The corporation has 95 stockholders. I. II. One of the stockholders is a citizen-resident of Canada. a. Only statement I is correct. b. Only statement II is correct. c. Both statements are correct. d. Neither statement is correct

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