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  3. 1. under sec 331, what are the tax consequences to

1. Under Sec 331, what are the tax consequences to a corps shareholders, when a...

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Accounting

1. Under Sec 331, what are the tax consequences to a corps shareholders, when a liquidating corp distributes its assets to its shareholders in exchange for shareholders stock?

2. Under Sec 332, when a parent liquidates a sub: a) What percentage of ownership does the parent have to have in the sub when parent liquidates sub? b) What is the period of time a sub has to liquidate? c) Does the sub have to be solvent in order to liquidate?

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