Examlex
Midnight Corporation transferred part of its assets to Noon Corporation in exchange for all of Noon's stock. Midnight distributed all of Noon's stock pro rate to Midnight's shareholders. What is this type of reorganization?
Additional Resources
Refers to extra assets or inputs available that can be used to enhance the production or efficiency of something.
Investment
Allocating resources, usually money, with the expectation of generating an income or profit.
Capital
Assets or money owned by an individual or organization, or funds available for specific purposes like establishing a company or investment.
Stocks
Shares of ownership in a corporation, representing a claim on the company's assets and earnings.
Q35: What is a stock redemption? What are
Q41: A partner's basis for his or her
Q42: Why should a corporation that is 100%
Q60: Toby owns all of the single class
Q61: Property received in a corporate liquidation by
Q69: Sandy, a cash method of accounting taxpayer,
Q73: Who maintained that 'The problem of the
Q75: For a 20% interest in partnership capital,
Q85: Riverwalk Corporation is liquidated, with Juan receiving
Q88: DuBois believed that the problem of the