Question: Indicate whether the following statements are True or False regarding the requirements for S corporation status. a . S corporations are subject to sales and

Indicate whether the following statements are "True" or "False" regarding the requirements for S corporation status.
a.S corporations are subject to sales and capitalization restrictions.
TrueFalse
b.S corporations may only issue one class of stock.
TrueFalse
c.S corporations are limited to a theoretical maximum of 100 shareholders.
TrueFalse
d.S corporations may be U.S.(domestic) or non-U.S. corporations.
TrueFalse
e.S corporations shareholders may only be individuals, estates, and certain trusts and exempt organizations.
TrueFalse
f.Nonresident alien shareholders are not allowed for S corporations.

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