On february 10, year 1, ace corp., a calendar-year corporation, elected s corporation status and all shareholders consented to the election. there was no change in shareholders in year 1. ace met all eligibility requirements for s status during the preelection portion of the year. what is the earliest date on which ace can be recognized as an s corporation

He set of companies a product goes through on the way to the consumer is called the a. economic utility b. cottage industry c. market saturation d. distribution chain

The silverside company is considering investing in two alternative projects: project 1 project 2 investment $500,000 $240,000 useful life (years) 8 7 estimated annual net cash inflows for useful life $120,000 $40,000 residual value $32,000 $10,000 depreciation method straightminusline straightminusline required rate of return 11% 8% what is the accounting rate of return for project 2? (round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, x.xx%.)

For each example identify the most appropriate ctso