Multiple Cholce Question

GW Corp. has two shareholders; Devana owns $40$ shares and Alpine Corp. owns the other $60$ shares. Devana is a $40\%$ shareholder in Alpine Corp. Under the

attribution rules for the change in stock ownership tests in a redemption, how many shares of GW Corp. are attributed to Devana?

$40$

$100$

$64$

Multiple Cholce Question

In a partial liquidation, corporate shareholders generally prefer dividend treatment due to the availability of:

deductions associated with ordinary losses from trade or business activities

passive activity losses and credits

the dividends$-$received deduction