On march 15, 2018, j. d. sold his clampett, inc. (an s corporation) shares to ellie mae, inc. (a c corporation), terminating clampett, inc.'s s election on march 15, 2018. absent permission from the irs, what is the earliest date clampett, inc. may again elect to be taxed as an s corporation? a) january 1, 2024. b) january 1, 2023. c) january 1, 2022. d) january 1, 2021. e) january 1, 2019.

If you miss two payments on a credit card what is generally the penalty

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

Alarge tank is filled to capacity with 500 gallons of pure water. brine containing 2 pounds of salt per gallon is pumped into the tank at a rate of 5 gal/min. the well-mixed solution is pumped out at the same rate. find the number a(t) of pounds of salt in the tank at time t.