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

question 16

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, 2020?

• A)March 15, 2020
• B)June 30, 2020
• C)September 15, 2020
• D)December 30, 2020

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Definitions:

Scope

Denotes the extent, range, or breadth of a project, study, or activity.

Attitude

A settled way of thinking or feeling about something, which influences an individual's behavior towards it.

External Attribution

The process of attributing the cause of behavior to situational factors outside the individual.

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