Question: An S corporation election terminates automatically if: Select one : a. The corporation has 101 shareholders, which includes a married couple b. The corporation has

An S corporation election terminates automatically if:

Select one

: a. The corporation has 101 shareholders, which includes a married couple

b. The corporation has 99 shareholders, which includes a foreign citizen non-resident of the US

c. The corporation has accumulated E&P from previous years as a C corporation

d. None of these cause the election to terminate

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