WebBirch Corp., a calendar-year corporation, was formed three years ago by its sole shareholder, James, who has operated it as an S corporation since its inception. Last year, James made a direct loan to Birch Corp. in the amount of $9,250. Birch Corp. has paid the interest on the loan but has not yet paid any principal. WebNov 20, 2024 · When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative preferred stock, and 100,000 shares of $2 stated value common stock. Half of the preferred stock was issued at a price of $103 per share, and 70,000 shares of the common stock were sold for $13 per share.
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WebDec 18, 2024 · It was the Last Year of Prop 215 and Big Moves needed to be Made so doja_inc doja_dankenstein and I built out 12 Flower Lights in the Grey Garage that you see Behind Us. We hired a Lawyer and Formed a Collective by the name of Doja Exclusive. WebInc., in 2014 with a calendar tax year and made an S election on April 14, 2014 with the consent of NewCorp. Inc.’s shareholders: Hassell, Richie Cunningham, and Arnold’s, Inc. (a C corporation). When is the S election effective? A. January 1, 2014. B. April 14, 2014. C. January 1, 2015. D. April 14, 2015. E. Never. A E. Never. 6 Q WebSep 16, 2024 · College answered • expert verified When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8% cumulative preferred stock, and 100,000 shares of $2 stated value common stock. bissell powerlifter pet carpet shampoo