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assignment 3. thank you! In each of the following independent situations, determine if the redemption of shares will be treated as an exchange or as

assignment 3. thank you!
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In each of the following independent situations, determine if the redemption of shares will be treated as an exchange or as a distribution. For situations 1-2, the ownership of a corporation is: Andy Barb Cindy 10 shares 20 shares 70 shares Situation 1: The corporation redeems 4 shares of stock held by Barb. Situation 2: The corporation redeems 40 shares of stock held by Cindy. Situation 3: The corporation redeems all 10 shares of stock held by Andy. Situation 4: Same facts as Situation 3 except Cindy is Andy's mother. Andy will still redeem all 10 shares of stock. Assume that Andy wants this to be an exchange. Will it be? if not, is there a way to make it an exchange? To answer this be sure to first review the "Attribution Rules" discussion in Chapter 18 of the textbook

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