Question

1. Ownership of the 1,000 shares outstanding are evenly divided among 80 shareholders. The shareholders are 78 individuals, 10 of whom are married to each other, and two estates. Permitted 2. A domestic corporation elects S status on April 15. Retroactively effective 3. Articles of incorporation authorize 800 shares of voting common stock, 200 shares of nonvoting preferred, and no other shares. Not permitted 4. A domestic corporation elects S status on March 3. When is the earliest effective date

Answer 1

Answer: hello the options to your question is missing attached below are the missing options

• permitted
• subsequently effective
• permitted
• Retroactively effective

Step-by-step explanation:

1) permitted ; because the ownership is divided into less than 100 shareholders at the time .

2) subsequently effective ; Because April 15 is after 2.5 months of the beginning of the Financial year

3) Permitted : Because S status can issue voting and Non-voting stock

4) Retroactively effective : The earliest effective date is within 2.5 months of the Financial year