For Purposes of the § 338 Election,a Corporation Must Acquire,in

question 66

True/False

For purposes of the § 338 election,a corporation must acquire,in a taxable transaction,at least 50% of the stock (voting power and value)of another corporation within an 12-month period.

---

Definitions:

Tetanus Booster

A vaccine given periodically to maintain immunity against tetanus, a serious bacterial infection.

Emergency Center

A specialized facility within a hospital or standalone, dedicated to providing immediate care for acute illnesses or injuries.

Electrosurgery

A surgical technique that uses electrical current to cut, coagulate, desiccate, or fulgurate tissue.

Electric Current

A flow of electric charge through a conductor, measured in amperes, used to power electronic devices and transmit electrical power.