Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 9- if harry and kerry (each a 35-percent sharehol

9- If Harry and Kerry (each a 35-percent shareholder) file a revocation on April...

90.2K

Verified Solution

Question

Accounting

9-

If Harry and Kerry (each a 35-percent shareholder) file a revocation on April 14, 2019 to terminate their S corporations S election, what is the effective date of the S corporation termination (assuming they do not specify one)? The S corporation has a calendar year end.

Multiple Choice

  • None of the choices are correct.

  • April 14, 2019

  • April 14, 2020

  • January 1, 2020

  • January 1, 2019

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Let T RR and S R RP be linear transformations Then So T Rm RP...

Basic Math
Q

How are the linkage scores from multiple families combined A Somatic Mutation b environment C...

Biology
Q

In a recent issue of IEEE Spectrum, the lengths of several engineering conferences were announced....

Basic Math
Q

The birth weights of full term babies have mean 7 44 pounds and standard deviation...

Statistics
Q

5m A particle moves along the x axis with velocity given by v t 18...

Calculus
Q

22 Find the slope intercept form for the equation of the line which passes through...

Algebra
Q

Which of the following is not an example of IFRS simplified for SMEs? A. Actuarial...

Accounting
Q

7. Calculate the compound amount when $4000 is deposited in an account earning 6% interest,...

Accounting
Q

Biossom ine sells a high-speed retrieval system for information. It provides the following information for...

Accounting
Q

Joanna received $55,800 compensation from her employer, the value of her stock in ABC company...

Accounting
Q

SWAPS 4. Swaps: A, Inc. and B, Inc, will...

Finance
Q

One-page report of your Proposal answer to customer needs on Case Study #47 a)...

Finance