Ask Question
3 March, 12:31

Rock Corporation acquires all of the assets of Stone Corporation using only its voting stock. Stone Corporation distributes the Rock stock to its shareholders pursuant to its liquidation. After the acquisition, Stone Corporation's shareholders own 20% of the Rock stock (by voting power and value). The transaction is classified as a:

+2
Answers (1)
  1. 3 March, 16:21
    0
    Answer: the correct answer is Type C reorganization.

    Explanation:

    In a type "C" reorganization, substantially all of the target corporation's assets are exchanged for voting stock in the acquiring corporation.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Rock Corporation acquires all of the assets of Stone Corporation using only its voting stock. Stone Corporation distributes the Rock stock ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers