HP Enterprises (HPE) is a California corporation 1. What result if it decides to contribute its PC/Printer business to a new subsidiary (HP Inc.), and then distribute the stock of HP, Inc. to its existing shareholders? Assume the distribution takes place in January 2015. 2. What if each shareholder also gets $1 per share in addition to the HP Inc. shares? 3. What happens to HPE's NOLS? 4. What if 70% of the assets transferred to HP Inc. were cash? 5. What if HPE acquired the PC/Printer medical device business in a taxable purchase in April, 2013? 6. What result if in July 2015, HP Inc. agrees to be acquired by Lenovo? 1. What happens to any of HP Inc's NOLS on this subsequent acquisition by Lenovo?