One Person Corporation (OPC) special feature is __________________: (A)There must be a by-laws which is required; (B) The single stockholder shall be the sole Director and President of the corporation; (C) There must be a Treasurer and Secretary; (D) There is a Board of Directors;

One Person Corporation (OPC) special feature is __________________: (A)There must be a by-laws which is required; (B) The single stockholder shall be the sole Director and President of the corporation; (C) There must be a Treasurer and Secretary; (D) There is a Board of Directors;

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

One Person Corporation (OPC) special feature is __________________:

(A)There must be a by-laws which is required;

(B) The single stockholder shall be the sole Director and President of the corporation;

(D) There is a Board of Directors;

(E) There is unlimited liability

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