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:

Neurons

are specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells.

Speech

The verbal expression of or the ability to express thoughts and feelings by articulating sounds.

Synaptogenesis

The formation of synapses between neurons in the brain, a critical process in neural development.

Pruning

The process through which the developing brain eliminates unnecessary or redundant synapses.