Question: 1 . Do the shareholders of the target corporation usually prefer to sell the stock or the assets of the target corporation? Explain. 2 .

1. Do the shareholders of the target corporation usually prefer to sell the stock or the assets of the target corporation? Explain.
2. What is a carryover basis as it relates to property received by a corporation in a 351 transaction? What is the purpose of attaching a carryover basis to property received in a 351 transaction?

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