20&21

Where the acquiring corporation must have at least 40% of the shareholders of the target receive Acquiring corporation stock. a. 5368(a)(1)(A) b. 5368(a)(1)(8) c 5368(a)(1)(C) d. 5368(a)(1)(D) e. 5368(a)(1)(E) 1. 5368(a)(1)(F) 9. 5368(a)(1)(G) h. None - this is a taxable transaction Your client just died. He owned a life insurance policy on his life that is pyyable to his daughter. The relevant information about this policy is as follows: Face Value 51,000,000 Cash surrender value $50,000 What is included in his estate? a. 550,000 b. Nothing c. $0,000(51,000,000/$50,000) d. $1,000,000 e. 5525,000 i 51,000,000+50,000)/2 Where the acquiring corporation must have at least 40% of the shareholders of the target receive Acquiring corporation stock. a. 5368(a)(1)(A) b. 5368(a)(1)(8) c 5368(a)(1)(C) d. 5368(a)(1)(D) e. 5368(a)(1)(E) 1. 5368(a)(1)(F) 9. 5368(a)(1)(G) h. None - this is a taxable transaction Your client just died. He owned a life insurance policy on his life that is pyyable to his daughter. The relevant information about this policy is as follows: Face Value 51,000,000 Cash surrender value $50,000 What is included in his estate? a. 550,000 b. Nothing c. $0,000(51,000,000/$50,000) d. $1,000,000 e. 5525,000 i 51,000,000+50,000)/2