QUESTION 96 A calendar year corporation has been in existence for several years. If the corporation...

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QUESTION 96 A calendar year corporation has been in existence for several years. If the corporation qualifies as a small business corporation and files a valid S election on March 10, 2021, its effective date for electing S status must be : January 1, 2021. March 10, 2021. January 1, 2022. The corporation has the option of selecting a. or c. The corporation has the option of selecting b. or c. QUESTION 96 A calendar year corporation has been in existence for several years. If the corporation qualifies as a small business corporation and files a valid S election on March 10, 2021, its effective date for electing S status must be : January 1, 2021. March 10, 2021. January 1, 2022. The corporation has the option of selecting a. or c. The corporation has the option of selecting b. or c.