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Which One of the Following Statements Is NOT True

Question 39

Multiple Choice

Which one of the following statements is NOT true?


A) An Scorporation can have no more than100 stockholders.
B) All profits of an Scorporation pass directly to the stockholders as they would pass to the partners in a partnership.
C) An Scorporation is a variation of the Ccorporation form that is used by public corporations.
D) Only some Ccorporations can become an Scorporation with approval from the IRS.

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