Wonka Industries is owned by Archie and Bobby. Archie owns 600 of Wonka’s shares and Bobby owns 400 shares. In order to qualify for sale or exchange treatment under Section 302(b)(1) through (3), what is the least number of shares that Archie would need to be redeemed?

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To qualify for sale or exchange treatment under Section 302 b 1 through 3 Archie wou... View the full answer