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Migos Corporation is an S corporation that is owned equally by Offset and Takeoff at...

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Accounting

Migos Corporation is an S corporation that is owned equally by Offset and Takeoff at the beginning of the year. On April 21 (the 111th day of Migos tax year) of the current year, Offset sells all of his Migos Corporation stock to Quavo. How many days will be used when computing Offset's share of S corporation income for this year (a non-leap year), assuming that a special income allocation election is not made?

A) 254 B) 110 C) 111 D) 255

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