Solution-On what date did Village S status become effective

On what date did Village S status become effective

Assignment Help Accounting Basics

Reference no: EM132663590

Problem - Village Corp., a calendar year corporation, began business in year 1. Village made a valid S corporation election on December 5, year 4, with the unanimous consent of its shareholders. The eligibility requirements for S status continued to be met throughout year 5. On what date did Village's S status become effective?

a. January 1, year 4

b. January 1, year 5

c. December 5, year 4

d. December 5, year 5

Reference no: EM132663590

Questions Cloud

What balance in ordinary share capital account at december : March Issued 50,000 additional ordinary shares for P8 per share 3 May. What the balance in the ordinary share capital account at December 31, 2012, should be

Identify several challenges that business environments : To help you identify several challenges that a business environments in which organizations operate today is becoming more and more complex,

Describe the evidence from objective cultural analyses : Describe the evidence from subjective and objective cultural analyses that you have to support your conclusions about the impact of the theme.

Emerged repeatedly in evaluating the risks : What were some of the risk sources that emerged repeatedly in evaluating the risks? How is this helpful?

On what date did Village S status become effective : The eligibility requirements for S status continued to be met throughout year 5. On what date did Village's S status become effective

Variables across different observations in the data : Autocorrelation refers to the degree of correlation between the values of the same variables across different observations in the data.

What are the proper federal income tax results : You are the U.S. Tax Court judge hearing the dispute. What are the proper Federal income tax results? Elaborate

Biometric software application capable of uniquely : According to techopedia, facial recognition is a "biometric software application capable of uniquely identifying or verifying a person by comparing

What is the payment amount that mr jones would be expected : What is the payment amount that Mr. Jones would be expected to pay? The dealer offers to finance the car at 8% interest over a 4 year period.

User Account

All Pages

On what date did Village S status become effective

Reference no: EM132663590

Reference no: EM132663590

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT