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skylocust287Lv1
28 Sep 2019
Angel Corporation purchased 15% of Brady Corporation 4 years ago for $150,000. Angel acquires 75% more of Brady Corp.'s stock directly from the Brady's shareholders in an exchange for 25% of the Angel's common stock currently outstanding. There is still 10% of the Brady's stock held by its original shareholders as they are not interested in being common shareholders of Angel Corp. This transaction qualifies as what type of reorganization? Please explain in detail. a. âType Aâ reorganization. b. âType Bâ reorganization. c. âType Câ reorganization. d. Acquisitive âType Dâ reorganization. e. A taxable exchange.
Angel Corporation purchased 15% of Brady Corporation 4 years ago for $150,000. Angel acquires 75% more of Brady Corp.'s stock directly from the Brady's shareholders in an exchange for 25% of the Angel's common stock currently outstanding. There is still 10% of the Brady's stock held by its original shareholders as they are not interested in being common shareholders of Angel Corp. This transaction qualifies as what type of reorganization? Please explain in detail. a. âType Aâ reorganization. b. âType Bâ reorganization. c. âType Câ reorganization. d. Acquisitive âType Dâ reorganization. e. A taxable exchange.
Patrina SchowalterLv2
28 Sep 2019