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:

Philosophy Of Dualism

The belief that reality or existence is divided into two distinct and irreducible elements, often referring to the division of mind and body or material and immaterial.

Pineal Body

A tiny gland located in the brain, responsible for the creation of melatonin, which is crucial in controlling the cycles of sleep and wakefulness.

Inherited Behavior

Behaviors that are transmitted from parents to offspring through genes, typically instinctual or reflex actions seen in many animals.

Emotional Expressions

Observable signs of emotional state, often communicated through facial expressions, body language, or vocal tones.