If a Parent Corporation Makes a § 338 Election, the Subsidiary

question 57

True/False

If a parent corporation makes a § 338 election, the subsidiary corporation is treated as a new corporation as of the day following the qualified stock purchase date.

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Definitions:

Positive Traits

Characteristics or qualities that are viewed favorably and contribute to the effectiveness or success of an individual.

Assertive Statement

A confident and direct expression of one’s thoughts, feelings, or beliefs without being aggressive.

Assertive Statement

A form of expression that confidently and directly communicates a person's needs, feelings, or opinions without aggression.

Interview

A formal meeting in which one or more persons question, consult, or evaluate another person.