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Bravo Corporation is interested in acquiring Zenith Corporation so that it can use Zenith's NOL carryover 1. Will Zenith Corporations NOLs carry over in A,

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Bravo Corporation is interested in acquiring Zenith Corporation so that it can use Zenith's NOL carryover 1. Will Zenith Corporations NOLs carry over in A, B, and C reorganizations? 2. What limit is there on the use of the NOL in the year of the reorganization? 3. What other limits are there on the use of the NOL? Compute the limitation amount assuming the fair market value of Zenith Corporation is $2.4 Million. 4. What if Zenith were to acquire Bravo and use its loss to offset Bravo's income? Does this change your answers above? If so, how? Edit View Insert Format TI

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