Question
On august 15, year 1, Dryco Corp., a calendar-year S corporation, acquired 100% of the stock of an active C corporation As a result of
On august 15, year 1, Dryco Corp., a calendar-year S corporation, acquired 100% of the stock of an active C corporation As a result of the acquisition, as of what date will Dryco's S election terminate?
a.
January 1, year 1
b.
Election willnotterminate.
c.
August 15, year 1
d.
December 31, year 1
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Cost Accounting Foundations and Evolutions
Authors: Michael R. Kinney, Cecily A. Raiborn
9th edition
9781285401072, 1111971722, 1285401077, 978-1111971724
