Answered: An S Corporation may be a shareholder…

An S Corporation may be a shareholder in a C Corporation. A C Corporation may be a shareholder in an S Corporation. Which of the following statement is true?

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter11: The Corporate Income Tax

Section: Chapter Questions

Problem 12MCQ

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Question

An S Corporation may be a shareholder in a C Corporation. A C Corporation may be a shareholder in an S Corporation. Which of the following statement is true?

a) the first only

b)the second only

c) both

d) neither

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