If Annie and Andy (Each a 30% Shareholder in an S

question 101

Multiple Choice

If Annie and Andy (each a 30% shareholder in an S corporation) file a revocation on March 18, 2016 to terminate their S corporation's S election, what is the effective date of the S corporation termination (assuming they do not specify one) ?

• A) January 1, 2016.
• B) March 18, 2016.
• C) January 1, 2017.
• D)March 16, 2017.
• E)None of these

---

Definitions:

Development Drawing

A detailed drawing that provides comprehensive information and specifications for the manufacturing or construction of a part or structure.

Tubular Or Cylindrical

Describes an object having a hollow or solid cylinder shape.

Gage

A device used for measurement or to determine conformity to a set of specifications, often used in manufacturing and engineering to ensure quality and precision.

Extra Material

Additional material provided beyond the specified dimensions to allow for finishing or machining.