Which of the following characteristics can disqualify a corporation from S corporation status?
A. Corporation Z has as one of its shareholders a trust that is treated as entirely owned by an individual who is a U.S. citizen.
B. Corporation M has 101 shareholders, including a husband and wife.
C. Corporation B has voting and nonvoting stock.
D. Corporation T has as its shareholders an individual, an estate, and a partnership.
Answer: D. Corporation T has as its shareholders an individual, an estate, and a partnership.