In a Sec.338 Election,the Target Corporation

question 22

Multiple Choice

In a Sec.338 election,the target corporation

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

---

Definitions:

Salesperson

An individual who sells products or services to customers, aiming to meet customer needs and achieve sales targets.

Marketing Plan

A comprehensive document outlining a company's advertising and marketing efforts for a specific period.

Sales Presentation

A structured dialogue or pitch by a salesperson with the aim of persuading a potential buyer to purchase a product or service.

End-User

The final consumer of a product or service, who uses it for its intended purpose.