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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:

Respuesta :

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.

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