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

question 1

Multiple Choice

If Annie and Andy (each a 30% shareholder in a calendar year S corporation) file a revocation statement on March 20, 2018 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, 2018.
• B) March 18, 2018.
• C) January 1, 2019.
• D) March 16, 2019.
• E) None of the choices are correct.

---

Definitions:

Synapomorphies

Shared derived characters or traits that are used to determine evolutionary relationships among organisms.

Exoskeletons

External skeletons that support and protect an organism's body, found in arthropods like insects, crabs, and lobsters.

Marsupial Colonization

The process by which marsupials, a group of mammals typically characterized by premature birth and continued development in the mother's pouch, spread and establish populations in new areas.

Vicariant Events

Geological occurrences that physically separate organisms, leading to speciation by dividing ancestral populations into two or more reproductively isolated groups.