If Annie and Andy (Each a 30% Shareholder in an Calendar

question 11

Multiple Choice

If Annie and Andy (each a 30% shareholder in an calendar year S corporation) file a revocation statement on March 20, 2017 to terminate their S corporation's S election, what is the effective date of the S corporation termination (assuming they do not specify one) ?

• A) January 1, 2017.
• B) March 16, 2018.
• C) March 18, 2017.
• D) January 1, 2018.
• E) None of the choices are correct.

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Definitions:

Prejudiced

Holding preconceived opinions or judgments about people or groups without sufficient knowledge, fairness, or reason, often leading to discrimination.

Achievements

Notable accomplishments or the successful completion of tasks, often marked by a high level of skill or effort.

Sexually Explicit Films

Movies that display explicit sexual content intended for adult audiences, often with the purpose of arousal.

Rape

A form of sexual assault involving sexual intercourse or other forms of sexual penetration carried out against a person without that person's consent.