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  3. regarding section 338 elections: a. the impact of

Regarding Section 338 elections: A. the impact of these election is to treat stock sales...

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Accounting

Regarding Section 338 elections:

A. the impact of these election is to treat stock sales as tax free corporate liquidation purposes

B. how the stock sale price is allocated to the assets owned by the selling corporation important

C. sellers will prefer to allocate more of the sale price to receivables and inventory

D. at least 50% of the ownership interest in the selling entity must be acquired 338 election to be made.

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