Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following events will cause the termi

Which of the following events will cause the termination of an S election? ...

80.2K

Verified Solution

Question

Accounting

Which of the following events will cause the termination of an S election?

The corporation no longer qualifies as a small business corporation

A new shareholder owning more than one-half of the stock affirmatively refuses to consent to the election

The corporation does not meet the passive investment income limitation

Shareholders owning 60% of shares (voting and nonvoting) voluntarily revoke the election

All of the above

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

Explain how the Internet has affected the average fixed cost of a daily print newspaper.

Economics
Q

Use Minitab to answer the questions. Make sure to copy all output from the Minitab: Followings Tables...

Basic Math
Q

What makes something a “history”? 2.What is the best way to investigate history? 3.To what extent is...

General Management
Q

Consider the formula p=(1+i)?-1 . If the interest conversion period is shorter than the payment...

Algebra
Q

Required information [The following information applies to the questions displayed below.] The...

Accounting
Q

2. With reference to the 1136 Tenant's Corporation case, what was the main difference in...

Accounting
Q

Fill out all the box Blue Spruce Corp. reported the following balances at December...

Accounting
Q

QUESTION THREE A financial analyst calculated the ratios for two companies and compared them with...

Accounting
Q

Please help me solve Question 2b onwards with steps. Thank you! 1...

Accounting
Q

For each of the following independent cases, fill in the missing amounts in the table:...

Accounting
Q

10 Need this done asap. Please help. Thanks. Current position analysis The following...

Accounting
Q

could you please post on a spreadsheet Required information...

Accounting