In a Reorganization, the Original Corporation Must Receive at Least

question 121

Short Answer

In a reorganization, the original corporation must receive at least 80% percent of new corporations' stock. The assets transferred to the new corporations must have been owned and conducted as a trade or business for at least years.

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Definitions:

Communication Process

The act of conveying information and understanding between two or more individuals, encompassing the sender, message, medium, receiver, and feedback.

Noise

Unwanted or disruptive sound that can interfere with communication, harm hearing, and adversely affect health or quality of life.

Distorts

Alters the shape, form, or sound of something in a way that is usually undesirable or misleading.

Rapport

A harmonious, positive relationship.