Once a Corporation Properly Elects to Be a Subchapter S

question 63

True/False

Once a corporation properly elects to be a Subchapter S corporation,it cannot terminate its election for five years.

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Definitions:

Mitotic Spindle

A structure composed of microtubules that forms during cell division to separate chromosomes into each of the two daughter cells.

Anaphase

Stage of mitosis in which the chromosomes move to opposite poles of the cell; anaphase occurs after metaphase and before telophase.

Centromere

A specialized constricted region of a chromatid; contains the kinetochore. In cells at prophase and metaphase, sister chromatids are joined in the vicinity of their centromeres.

Nucleosomes

Structural units of a chromosome, consisting of a segment of DNA wound around a core of histone proteins.