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John and Wilbur form White Corporation on May 3 of the current year. What is the entity's default tax classification? Are any alternative classification(s) available?
John and Wilbur form White Corporation on May 3 of the current year. What is the entity's default tax classification? Are any alternative classification(s) available? If so, (1) how do John and Wilbur elect the alternative classification(s) and (2) what are the tax consequences of doing so
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Financial Accounting Cases
Authors: Camillo Lento, Jo-Anne Ryan
3rd Canadian Edition
1119594642, 978-1119594642
