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Business, 06.12.2019 22:31 ahmedeldyame

Par corp. acquired the assets of its wholly owned subsidiary, sub corp., under a plan that qualified as a tax-free complete liquidation of sub. which of the following of sub’s unused carryovers may be transferred to par? a. excess charitable contributions
b. net operating loss
c. both excess charitable contributions and net operating loss
d. neither excess charitable contributions nor net operating loss

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Par corp. acquired the assets of its wholly owned subsidiary, sub corp., under a plan that qualified...
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