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GreenCo Transfers $400,000 of Its Common Voting Stock and $50,000

question 78

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GreenCo transfers $400,000 of its common voting stock and $50,000 cash to CurryCo in exchange for 80% of CurryCo's assets.CurryCo uses all of its remaining assets and the cash received from GreenCo to pay its liabilities.CurryCo then distributes the GreenCo stock to its shareholders in exchange for all of their shares of CurryCo.Lastly,CurryCo liquidates.This restructuring qualifies as a:


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