Four Unrelated Individuals Acquire Assets on Behalf of Jump Corporation

question 86

Multiple Choice

Four unrelated individuals acquire assets on behalf of Jump Corporation on May 21,2015,purchased assets on June 5,2015,and begin doing business on June 15,2015.They subscribe to shares of stock,file articles of incorporation for Jump,and become shareholders on July 23,2015.The S election must be filed no later than 2 1/2 months after:

• A)May 21,2015.
• B)June 5,2015.
• C)June 15,2015.
• D)July 23,2015.
• E)December 31,2015.

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Definitions:

Sensory Keenness

The heightened ability to perceive stimuli through the senses.

Cardiac Output

The volume of blood the heart pumps through the circulatory system in one minute, an important measure of heart function and efficiency.

Information-Processing Speed

The rate at which an individual can process and react to the information they receive.

Crystallized Intelligence

The ability to use skills, knowledge, and experience, which tends to increase with age.