In a Sec 332 Liquidation, Can a Subsidiary Corporation Recognize Losses on Losses

question 57

Essay

In a Sec. 332 liquidation, can a subsidiary corporation recognize losses on distributions to either the parent corporation or minority shareholders?

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Definitions:

Self-Referent Encoding

A memory enhancement strategy involving processing information by relating it to oneself.

Spreading Activation

A method for searching associative networks, neural networks, or semantic networks, where a stimulus activates specific nodes, which in turn activate related nodes.

Semantic Network

A conceptual model in cognitive psychology and artificial intelligence that represents semantic relations between concepts in networks.

Prospective Memory

The aspect of memory that involves remembering to perform a planned action or recall a planned intention at some future point in time.