Toonit, Inc., a May 31 fiscal year-end S corporation, files an S corporation termination on...

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Accounting

Toonit, Inc., a May 31 fiscal year-end S corporation, files an S corporation termination on September 1,2024. Toonit will no longer be treated as an S corporation on:
Multiple choice question.
June 1,2024, if no termination date is specified
June 1,2025, if no termination date is specified

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