Which of the following statements regarding S corporations is true?
A. An S corporation may have only one class of stock.
B. An S corporation shareholder's allocable share of ordinary income is subject to self-employment tax.
C. Any individual, estate, corporation, or trust may be an S corporation shareholder.
D. An S corporation may have no more than 50 shareholders.
Answer: A
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a. complexity of your document b. layout of the document c. needs of your readers d. required page count of the document
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Indicate whether the statement is true or false
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