In a Sec. 338 Election, the Target Corporation

question 60

Multiple Choice

In a Sec. 338 election, the target corporation

• A)will have a holding period for assets beginning on the day after the acquisition date.
• B)must use the preacquisition tax year.
• C)will no longer file a separate return.
• D)is considered to be a continuation of the old target corporation for purposes of the tax attribute carryover rules.

---

Definitions:

Personality Traits

Enduring characteristics or patterns of behavior that define an individual's responses across various situations.

Behavioral Genetics

The field of study that examines the role of genetic and environmental factors in shaping behaviors, personalities, and traits.

Personality Traits

Enduring characteristics that describe an individual's behavior, such as openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Biological Relatives

Individuals who are related to one another through hereditary connections, including parents, siblings, and extended family members.