Plum Corporation transfers one-half of its assets to Orange Corporation in exchange for 100% of Orange...
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Plum Corporation transfers one-half of its assets to Orange Corporation in exchange for 100% of Orange Corporation's single class of stock. Following the exchange, Plum Corporation distributes the Orange stock ratably to its shareholders. This transaction will constitute a Divisive Type D reorganization. Acquisitive Type D reorganization. Type C reorganization. Type A reorganization. Plum Corporation transfers one-half of its assets to Orange Corporation in exchange for 100% of Orange Corporation's single class of stock. Following the exchange, Plum Corporation distributes the Orange stock ratably to its shareholders. This transaction will constitute a Divisive Type D reorganization. Acquisitive Type D reorganization. Type C reorganization. Type A reorganization.
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Answer Divisive Type D reorganization Reason A Dreorganization is divisive when a corporat... View the full answer
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Posted Date:
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