Question: 2 7 . If a type A reorganization is kept open to allow for payment of additional voting stock upon the happening of a contingency:
If a type A reorganization is kept open to allow for payment of additional voting stock upon the happening of a contingency:
A The delay in closing the transaction will affect the taxfree character of the transaction.
B The delay in closing the transaction will not affect the taxfree character of the transaction.
C The entore transaction will be taxable.
D The additional voting stock will constitute taxable "boot" to the target corporation.
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