Four Unrelated Individuals Acquire Assets on Behalf of Jump Corporation

question 86

Multiple Choice

Four unrelated individuals acquire assets on behalf of Jump Corporation on May 21,2015,purchased assets on June 5,2015,and begin doing business on June 15,2015.They subscribe to shares of stock,file articles of incorporation for Jump,and become shareholders on July 23,2015.The S election must be filed no later than 2 1/2 months after:

• A)May 21,2015.
• B)June 5,2015.
• C)June 15,2015.
• D)July 23,2015.
• E)December 31,2015.

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Definitions:

Predictive Adaptation

The ability to change or modify one's behavior in anticipation of future events or changes in the environment.

Low-Context Culture

Culture in which people derive much information from the words of a message and less information from nonverbal and environmental cues.

High-Context Culture

Culture in which people derive much information from nonverbal and environmental cues.

Stereotyping

The act of attributing specific characteristics or behaviors to individuals based solely on their membership in a particular group.