For complete liquidations of subsidiaries under IRC Section 332, the parent corporation does not recognize a gain or loss on the receipt of property in complete liquidation of an 80% or more subsidiary if, in part, the parent possesses at least: Group of answer choices 50% of total voting power and at least 50% of total value of the subsidiary's stock. 75% of total voting power and at least 75% of total value of the subsidiary's stock. 70% of total voting power and at least 50% of total value of the subsidiary's stock. 60% of total voting power and at least 70% of total value of the subsidiary's stock. None of the answers are correct.

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