Which Statement Is Correct with Respect to Filing an S

question 101

Multiple Choice

Which statement is correct with respect to filing an S election?

• A)Form 2553 must be filed.
• B)All shareholders must consent.
• C)The election may be filed in the previous year.
• D)An extension of time is available for filing Form 2553.
• E)All of the above statements are correct.

---

Definitions:

Determinism

Determinism is the philosophical theory that all events, including moral choices, are completely determined by previously existing causes.

Freedom Of Choice

The power or right to make one's own decisions without coercion or constraint.

Positive Freedom

The concept of freedom defined by the presence of capabilities and resources to fulfill one's own potential, emphasizing what individuals are free to do.

Determinism

The philosophical belief that all events, including moral choices, are completely determined by previously existing causes.