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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.


Definitions:

Muscular Activity

Physical actions or movements resulting from the contraction and relaxation of muscle groups.

Autonomic Nervous System

A subdivision of the peripheral nervous system that controls bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.

Ventricles

The two lower chambers of the heart which receive blood from the atria and pump it into the arteries.

Subarachoid Space

The Subarachnoid Space is the area between the arachnoid membrane and pia mater around the brain and spinal cord, containing cerebrospinal fluid.

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