63. XYZ is a stock corporation that wishes to elect 15 directors. stockholder C, owns 5,000 shares of stock in XYZ corporation. Apply the formula used in the casting of votes to determine the amount of shares that stockholder C can cast during the election. * A. C is entitled to 5,000 shares. B. C is entitled to 75,000 shares C. C is entitled to 750,000 shares
63. XYZ is a stock corporation that wishes to elect 15 directors. stockholder C, owns 5,000 shares of stock in XYZ corporation. Apply the formula used in the casting of votes to determine the amount of shares that stockholder C can cast during the election. * A. C is entitled to 5,000 shares. B. C is entitled to 75,000 shares C. C is entitled to 750,000 shares
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter15: S Corporations
Section: Chapter Questions
Problem 3BCRQ
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Question
63. XYZ is a stock corporation that wishes to elect 15 directors. stockholder C, owns 5,000 shares of stock in XYZ corporation. Apply the formula used in the casting of votes to determine the amount of shares that stockholder C can cast during the election. *
A. C is entitled to 5,000 shares.
B. C is entitled to 75,000 shares
C. C is entitled to 750,000 shares
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