Four Unrelated Individuals Acquire Assets on Behalf of Jump Corporation

question 83

Multiple Choice

Four unrelated individuals acquire assets on behalf of Jump Corporation on May 21,2013,purchased assets on June 5,2013,and begin doing business on June 15,2013.They subscribe to shares of stock,file articles of incorporation for Jump,and become shareholders on July 23,2013.The S election must be filed no later than 2 1/2 months after:

• A)May 21,2013.
• B)June 5,2013.
• C)June 15,2013.
• D)July 23,2013.
• E)December 31,2013.

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Definitions:

Hammer

A tool typically used for hitting nails or breaking objects, consisting of a heavy head fixed to a long handle.

Anvil

In non-biological contexts, an anvil is a heavy iron block used in metalworking. In the context of the ear, it refers to the incus, a small anvil-shaped bone in the middle ear that helps transmit sound vibrations.

Stirrup

The stirrup, or stapes, is a small bone in the middle ear that plays a key role in the transmission of sound vibrations to the inner ear.

Middle Ear

A part of the ear between the eardrum and the inner ear, containing three small bones that help transmit sound.