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Several individuals acquire assets on behalf of Skip Corporation on May 28, purchased assets on June 3 and began business on June 11. They subscribe to shares of stock, file articles of incorporation for Skip, and become shareholders on June 21. The S election must be filed no later than 2 1/2 months after:
ATP
Adenosine triphosphate, a molecule that carries energy within cells, used as a primary energy source for cellular processes.
ADP
Adenosine diphosphate, a molecule involved in energy transfer within cells.
Alcoholic Fermentation
A biological process in which sugars such as glucose, fructose, and sucrose are converted into cellular energy, producing ethanol and carbon dioxide as by-products.
Inputs
Resources or information entered into a system for processing or for generating a specific output.
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