A New Business Is Established

question 70

Multiple Choice

A new business is established.It is not a seasonal business.All of the following are acceptable accounting tax years with the exception of

• A)an S corporation year ending October 31.
• B)a C corporation (not a personal service corporation)tax year ending on February 15.
• C)a C corporation (not a personal service corporation)tax year ending on April 30.
• D)a partnership tax year ending on October 31 with three equal partners whose tax years end on September 30,October 31,and November 30.

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Definitions:

Serial Passage

The process of repeatedly culturing microorganisms or viruses from one environment to another to select for adaptations or increase virulence.

Replication

The process by which genetic material or a biological entity reproduces or makes a copy of itself.

Thrifty Genotype Hypothesis

The proposition that certain genotypes predispose individuals to efficient fat storage for survival during times of food scarcity, which may predispose to obesity in environments with abundant food.