Reference no: EM132111629

1. When referring to an S corporation's post-termination transition period, the S corporation can distribute accumulated adjustments account tax-free to the shareholders 120 days after a determination occurs. A determination is defined as meaning all the following except:

A. a closing agreement that is signed by the taxpayer and IRS after an audit.

B. a corporate officer determining that the corporation no longer qualifies as an S corporation.

C. a court decision that becomes final.

D. an agreement reached with the IRS.

2. Despite its success in entering new markets around the world, RIM has encountered political challenges in various countries that have threatened its international growth efforts. It has been threatened by governments in some countries asking domestic cell providers to stop providing service to BlackBerry primarily due to what feature?

A) Insecure networks

B) Proprietary encrypted technology

C) Seamless mobile access

D) Integrated hardware

3. RIM entered into private negotiations and settled disputes with governments seeking access to its data without compromising the security of the information. Giving in to select governments' demand could have affected RIM's _________________ .

A) Integrated hardware

B) Reputation for data security

C) Encrypted technology

D) Seamless mobile access