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The Termination of an S Election Occurs on the Day

question 78

True/False

The termination of an S election occurs on the day after a corporation ceases to be a qualifying S corporation.


Definitions:

Formula

A concise way of expressing information symbolically, as in a mathematical or chemical formula representing the composition of substances.

FeAsS

Also known as Arsenopyrite, it is a mineral consisting of iron, arsenic, and sulfur.

Realgar

A red-orange arsenic sulfide mineral, historically used as a pigment and in fireworks.

Formula

A symbolic representation of the composition of a chemical compound, showing the elements present and their relative proportions.

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