CPA QUESTION Assuming all other requirements are met, a corporation may elect to be treated as an S corporation under the Internal Revenue Code if it has: a. Both common and preferred stockholders ...

CPA QUESTION Assuming all other requirements are met, a corporation may elect to be treated as an S corporation under the Internal Revenue Code if it has:

a. Both common and preferred stockholders

b. A partnership as a stockholder

c. One hundred or fewer stockholders

d. The consent of a majority of the stockholders