An S corporation has 30,000 shares of voting common stock and 20,000 shares of nonvoting common stock issued and outstanding. The S election can be revoked voluntarily with the consent of the shareholders holding, on the day of the revocation,
|
Shares of voting stock |
Shares of nonvoting stock |
|
|
a. |
0 |
20,000 |
|
b. |
7,500 |
5,000 |
|
c. |
10,000 |
16,000 |
|
d. |
20,000 |
0 |