Identify which of the following statements is false.
A) A Sec. 338 election usually triggers taxation to the target corporation.
B) A Sec. 338 election must be made not later than the fifteenth day of the ninth month following the first stock acquisition in a series of acquisitions that leads to 80% or more stock ownership.
C) When a Sec. 338 election is made, the target corporation is treated as having sold all of its assets at their FMV at the close of the acquisition date.
D) In a Sec. 338 deemed sale election, the shareholders of the target corporation sell their stock to the acquiring corporation.
B) A Sec. 338 election must be made not later than the fifteenth day of the ninth month following the first stock acquisition in a series of acquisitions that leads to 80% or more stock ownership.
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Vogel Corporation's cost of goods manufactured last month was $136,000. The beginning finished goods inventory was $35,000 and the ending finished goods inventory was $48,000. Overhead was overapplied by $6,000.Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold?
A. $171,000 B. $136,000 C. $123,000 D. $117,000
When computing the return on total assets, the interest expense is added back to net income to show what earnings would have been if the company had no debt.
Answer the following statement true (T) or false (F)
What are the hypotheses?
The CSMA/CD and CSMA/CA protocols are designed to manage which of the following:
A) low bandwidth. B) conversion of data from digital to analog. C) message collisions. D) passing of token from one device to another.