If the Shareholders of a Calendar Year C Corporation Elect

question 53

True/False

If the shareholders of a calendar year C corporation elect S status on Thursday,March 15,2012,the election is effective for all of 2012.

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Definitions:

Pacinian Corpuscles

Sensory receptors that detect mechanical changes and vibrations, contributing to the sensation of touch and pressure.

Ruffini End Organs

Sensory receptors within the skin that respond to stretch and twisting, contributing to the sense of body position and touch.

Merkel Disks

Specialized nerve endings in the skin that respond to light touch, contributing to the sensation of texture and pressure.

Meissner Corpuscles

Special nerve cells located in the skin that detect sensations of gentle touch.