If an S corporation inadvertently terminates its election, the IRS
A) may permit the corporation to report as an S corporation even for the period that includes the termination date.
B) will not permit the corporation to restore its S election until the completion of a five-year waiting period.
C) will permit restoration of the S election only if the event causing the termination was not within the control of the corporation.
D) will permit restoration of the S election if a majority of the shareholders consent to the reinstatement.
A) may permit the corporation to report as an S corporation even for the period that includes the termination date.
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The purpose of the interest section of a persuasive message is to
A) capture attention. B) prompt the audience to imagine how the solution might benefit them. C) increase the audience's desire to take the action recommended in the message. D) get the reader to act immediately. E) make acting on the requested action easy.
Which of the following is NOT a part of the game plan for conquering speech anxiety?
a. I have assessed my own feelings and fears about giving a speech. b. The morning before my speech, I went for a walk, a run, or a swim. c. The morning before my speech, I had a big breakfast. d. Just before my speech, I took a moment to center my breathing and thoughts.
In some cases, particularly when the reissue of treasury stock results from the exercise of employee stock options, the amount paid by the firm to reacquire the treasury shares exceeds the subsequent reissue price. If the firm uses the cost method, it debits the balance to
a. Additional Paid-In Capital account so long as that account has a sufficiently large credit balance. To the extent the required debit exceeds the credit balance in the Additional Paid-In Capital account, the firm reduces that account to zero and debits the excess to Retained Earnings. b. Additional Paid-In Capital. c. Retained Earnings. d. Net Income. e. Accumulated Other Comprehensive Income.
Describe the five characteristics of an effective opening buffer for a bad-news message