Target Corporation T has 100 shares of common stock outstanding, of which 80 shares are owned by Mr. S (stock basis =$100,000 ) and 20 shares are owned by Ms. I (stock basis =$50,000 ). . Corporation (P) wishes to acquire T's business for cash. T owns the following assets subject to no liabilities. In general, what are the tax consequences to T Corporation, Ts shareholders, and P Corporation, under each of the three principal acquisition methods below? No Computations or Numbers are Needed; instead, CONCEPTUALLY EXPLAIN the rules for the general treatment (assume there is no subsequent liquidation of T). Method A:P acquires T's assets. Method B:P acquires T's stock from Mr. S and Ms. I Method C: P acquires T's stock from Mr. S and Ms. I, and makes a Section 338 election. In (1) above, Explain| what is the most desirable acquisition method from a tax standpoint? Target Corporation T has 100 shares of common stock outstanding, of which 80 shares are owned by Mr. S (stock basis =$100,000 ) and 20 shares are owned by Ms. I (stock basis =$50,000 ). . Corporation (P) wishes to acquire T's business for cash. T owns the following assets subject to no liabilities. In general, what are the tax consequences to T Corporation, Ts shareholders, and P Corporation, under each of the three principal acquisition methods below? No Computations or Numbers are Needed; instead, CONCEPTUALLY EXPLAIN the rules for the general treatment (assume there is no subsequent liquidation of T). Method A:P acquires T's assets. Method B:P acquires T's stock from Mr. S and Ms. I Method C: P acquires T's stock from Mr. S and Ms. I, and makes a Section 338 election. In (1) above, Explain| what is the most desirable acquisition method from a tax standpoint