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Which of the following statements concerning Type B reorganizations is not correct? a. Solely voting preferred stock may be used. b. The result is always
Which of the following statements concerning Type B reorganizations is not correct?
a. Solely voting preferred stock may be used.
b. The result is always a parent-subsidiary group.
c. Solely voting stock of a corporation controlling the acquiring corporation may be used in the transaction.
d. Cash may account for up to 20 percent of the consideration used to make the acquisition.
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