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The Smith Corporation acquired all of the stock of the Jones Corporation for consideration comprised of Smiths convertible bonds, and all of Jones assets were
- The Smith Corporation acquired all of the stock of the Jones Corporation for consideration comprised of Smiths convertible bonds, and all of Jones assets were transferred to Smith. Jones Corporation was then dissolved as an IRC Section 332 complete liquidation. How would you categorize this transaction or reorganization? Briefly state your reasoning.
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