Great-sky corp. is a manufacturing corporation. The cash generated by the manufacturing business is invested in...
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Great-sky corp. is a manufacturing corporation. The cash generated by the manufacturing business is invested in to the real estate development. Great-sky corp. wants to reduce the risk in the real estate business and thinks of incorporating a 100% owned new subsidiary and transfer all real estate business under the new sub. This transaction qualifies as what type of reorganization? Please justify your answer. a) a) Type A Type B b) c) Type C d) Type D Great-sky corp. is a manufacturing corporation. The cash generated by the manufacturing business is invested in to the real estate development. Great-sky corp. wants to reduce the risk in the real estate business and thinks of incorporating a 100% owned new subsidiary and transfer all real estate business under the new sub. This transaction qualifies as what type of reorganization? Please justify your answer. a) a) Type A Type B b) c) Type C d) Type D
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Correct answer Type D Explanation Type D exchanges are a type of corporate rebuilding which can inco... View the full answer
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