Which of the Following Class of Stock Is Not Allowed

question 6

Multiple Choice

Which of the following class of stock is not allowed to be used in a section 351 transaction?

• A) Voting common stock.
• B) Voting preferred stock.
• C) Nonvoting preferred stock.
• D) All of these classes of stock can be used in a section 351 transaction.

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Definitions:

Maintain Contacts

The practice of keeping in touch with professional and personal connections to foster relationships and opportunities.

Internal Visibility

The extent to which an individual's or group's work and performance are recognized within an organization.

Political Skill

The ability to understand and influence others in a way that enhances personal and organizational objectives.

Political Network

A web of relationships, communications, and interactions among individuals, groups, and organizations centered on political action, influence, and decision making.