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A Company That Loses Its Status as an S Corporation

question 138

True/False

A company that loses its status as an S corporation may not reelect this status for at least 5 years.


Definitions:

Compression

This is a force or stress that reduces volume or shortens an object or material by pressing it together.

Tension

a force that stretches something, making it longer or tighter.

Shear

A strain in materials characterized by slippage along a plane or planes parallel to the imposed stress.

Confining Pressure

The pressure applied equally in all directions on a rock or sediment body usually due to the weight of overlying materials.

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