Solved: On march 2 the two 50 shareholders of a calendar year, Accounting Basics

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On march 2 the two 50 shareholders of a calendar year

Question - On March 2, the two 50% shareholders of a calendar year corporation decide to elect S status. One of the shareholders, Terry, purchased her stock from a previous shareholder (a nonresident alien) on January 18. Identify any potential problems for Terry or the corporation.

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Accounting Basics: On march 2 the two 50 shareholders of a calendar year

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Accounting Basics: On march 2 the two 50 shareholders of a calendar year

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