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Which of the following statements best describes a section 338transaction? Multiple Choice A section 338 transaction is an election made by the buyer totreat a

Which of the following statements best describes a section 338transaction?

Multiple Choice

A section 338 transaction is an election made by the buyer totreat a stock acquisition as an asset acquisition.

A section 338 transaction is an election made by the buyer totreat an asset acquisition as a stock acquisition.

A section 338 transaction is an election made by the seller totreat a stock acquisition as an asset acquisition.

A section 338 transaction is an election made by the seller totreat an asset acquisition as a stock acquisition.

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