An S Corporation Is Permitted an Automatic Extension of Time

question 25

Multiple Choice

An S corporation is permitted an automatic extension of time for filing its tax return. The automatic extension period is

• A) six months.
• B) one month.
• C) three months.
• D) two months.

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Definitions:

Reverse Transcription

The process by which the information contained in RNA molecules is transcribed into DNA molecules.

DNA Ligase

An agent that supports the unification of DNA strands by enabling the production of a phosphodiester bond.

Covalent Bonds

Bonds formed by the sharing of electrons between atoms.

Complementary DNA

DNA synthesized from a messenger RNA (mRNA) template in a reaction catalyzed by the enzyme reverse transcriptase, often used in cloning and gene expression studies.