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Rock Corporation acquires all of the assets of Stone Corporation using only its voting stock. Stone Corporation distributes the Rock stock to its shareholders pursuant to its liquidation. After the acquisition, Stone Corporation's shareholders own 20% of the Rock stock (by voting power and value). The transaction is classified as a:

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Аноним Аноним

13-07-2019

Answer: the correct answer is Type C reorganization.

Explanation:

In a type “C” reorganization, substantially all of the target corporation's assets are exchanged for voting stock in the acquiring corporation.

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