Which of the following would be eligible to make the election to be treated as an S

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Which of the following would be eligible to make the election to be treated as an S corporation?

A partnership with 110 partners.

AC corporation with 80 shareholders, two are non-resident aliens.

An LLC with 95 members.

A sole proprietor.

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Financial Reporting and Analysis Using Financial Accounting Information

ISBN: 978-1439080603

12th Edition

Authors: Charles H Gibson

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Posted Date: Mar 01, 2022 01:10 AM

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Which of the following would be eligible to make the election to be treated as an S

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Expert Answer:

Option c is correct because it has 95 member... View the full answer

Financial Reporting and Analysis Using Financial Accounting Information

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