a. Maria is on top of things and makes the election on January 1, 2022. Effective January 1, 2022 Effective January 1, 2021 Effective March 15, 2021

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Maria has been operating Mansfield Park as a C corporation and decides she would like to make an S election. What is the
earliest the election will become effective under each of these alternative scenarios?
Problem 11-44 Part a (Static)
a. Maria is on top of things and makes the election on January 1, 2022.
OEffective January 1, 2022
Effective January 1, 2021
Effective March 15, 2021
Transcribed Image Text:Maria has been operating Mansfield Park as a C corporation and decides she would like to make an S election. What is the earliest the election will become effective under each of these alternative scenarios? Problem 11-44 Part a (Static) a. Maria is on top of things and makes the election on January 1, 2022. OEffective January 1, 2022 Effective January 1, 2021 Effective March 15, 2021
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