Four Unrelated Individuals Acquire Assets on Behalf of Jump Corporation

question 142

Multiple Choice

Four unrelated individuals acquire assets on behalf of Jump Corporation on May 21, 2014, purchased assets on June 5, 2014, and begin doing business on June 15, 2014. They subscribe to shares of stock, file articles of incorporation for Jump, and become shareholders on July 23, 2014. The S election must be filed no later than 2 1/2 months after:

• A) May 21, 2014.
• B) June 5, 2014.
• C) June 15, 2014.
• D) July 23, 2014.
• E) December 31, 2014.

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Definitions:

Abstract Painting

A form of art that does not attempt to represent external reality, but seeks to achieve its effect using shapes, colors, and textures.

Conscious Experience

The awareness of internal and external events or stimuli, encompassing thoughts, feelings, and perceptions.

American Psychological Association

The leading scientific and professional organization representing psychology in the United States, dedicated to advancing the creation, communication, and application of psychological knowledge.

G. Stanley Hall

An American psychologist and educator who is considered the father of child psychology and developmental psychology, known for his works on adolescence and education.