Lopez Corporation, an Existing C Corporation, Wants to Make an S

question 127

Multiple Choice

Lopez Corporation, an existing C corporation, wants to make an S election. If it has a June 30 year end, by what date must it make its election to be effective as of July 1, 2019?

• A) March 15, 2019
• B) June 30, 2019
• C) September 15, 2019
• D) December 30, 2019

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Definitions:

Heart Attack

A medical condition where blood flow to a part of the heart is blocked for a long enough time that part of the heart muscle is damaged or dies.

Agoraphobia

An anxiety disorder characterized by an intense fear of being in situations where escape might be difficult or help unavailable, often involving fear of crowds, bridges, or being outside alone.

Social Anxiety Disorder

Refers to a mental health condition characterized by an intense, persistent fear of being watched or judged by others in social situations.

Disruptive Mood Dysregulation Disorder

A psychiatric disorder characterized by severe and recurrent temper outbursts that are disproportionate to the situation and developmental level.