If Harry and Kerry (each a 35-percent shareholder) file a revocation on April 14, 2018 to terminate their S corporation’s S election, what is the effective date of the S corporation termination (assuming they do not specify one)? The S corporation has a calendar year end.

Multiple Choice
a)January 1, 2018.
b)April 14, 2018.
c)January 1, 2019.
d)April 14, 2019.

When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement

Afarmer is an example of what kind of producer?

Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $28,000 at the beginning of the month and $20,000 at the end of the month. during the month, the corporation incurred direct materials cost of $56,200 and direct labor cost of $29,800. the actual manufacturing overhead cost incurred was $53,600. the manufacturing overhead cost applied to work in process was $52,200. the cost of goods manufactured for june was: