V2-SM_ch 07

V2-SM_ch 07 - CHAPTER 7 CORPORATIONS: REORGANIZATIONS...

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CHAPTER 7 CORPORATIONS: REORGANIZATIONS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition 1 LO 1 IRS Letter Ruling Unchanged 1 2 LO 1 Treatment of taxable reorganization gains Unchanged 2 3 LO 1 Types of reorganizations Unchanged 3 4 LO 2 Like-kind exchange versus corporate Unchanged 4 reorganization 5 LO 2 Shareholder gains on reorganization New 6 LO 1, 2, 3 “Type A” reorganization Unchanged 6 7 LO 3 “Type B” reorganization Unchanged 7 8 LO 3 “Type C” reorganization Unchanged 8 9 LO 3 Comparison of “Type A” and “Type C” New reorganizations 10 LO 3 Comparison of “Type B” and “Type C” Unchanged 10 reorganizations 11 LO 3 “Type D” reorganizations Unchanged 11 12 LO 3 “Type E” reorganization Unchanged 12 13 LO 3 “Type F” reorganization Unchanged 13 14 LO 3 “Type G” reorganization New 15 LO 3, 4, Section 382 and judicial doctrines Unchanged 15 5, 6 16 LO 3, 4, 6 “Type C” continuity of interest and step New transaction doctrine 17 LO 5 Application of § 381 limitation Unchanged 17 18 LO 5 Ownership change for shareholders owning Unchanged 18 less than 5% 19 LO 5 Objective of § 382 limitation Unchanged 19 20 LO 4 Continuity of business enterprise Unchanged 20 21 LO 5 Section 382 ownership change limitations New 22 LO 5 Excess credit § 382 limitation computation Unchanged 22 23 LO 5 Unchanged 23 24 LO 5, 6 Net present value of NOL Unchanged 24 25 LO 5, 6 New Instructor : For difficulty, timing, and assessment information about each item, see p. 7-4. 7-1
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7-2 2011 Corporations Volume/Solutions Manual Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition *26 LO 3 Classify as to type of reorganization Unchanged 26 27 LO 2 Gain taxable as stock redemption Unchanged 27 28 LO 2 Reorganization gain, loss, and basis New determination 29 LO 2 Character of shareholder gain New 30 LO 2 Securities received in reorganization Unchanged 30 31 LO 2 Effect on basis when gain recognized Unchanged 31 *32 LO 2 Gain recognition and basis computation Unchanged 32 33 LO 2 Reorganization gain, loss, and basis Unchanged 33 determination 34 LO 3, 6 Structuring a “Type B” or “Type C” Unchanged 34 reorganization 35 LO 3, 6 Comparison of “Type A”, “Type C,” and New acquisitive “Type D” reorganizations 36 LO 3, 6 “Type B” reorganization Unchanged 36 37 LO 3, 6 “Type C” reorganization Unchanged 37 38 LO 2, 3, 6 “Type D” reorganization Unchanged 38 39 LO 3 “Type D” reorganization Unchanged 39 40 LO 2, 3 “Type E” reorganization Unchanged 40 41 LO 3 “Type F” reorganization Unchanged 41 42 LO 3 “Type G” reorganization Unchanged 42 43 LO 4 Sound business purpose Unchanged 43 44 LO 2, 3, 4, Continuity of interest and NOL carryover New 5, 6 45 LO 5 NOL carryover when no § 382 limitation Unchanged 45 46 LO 5 NOL carryover change year and § 382
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This note was uploaded on 11/13/2010 for the course BT 315 taught by Professor Smith during the Spring '10 term at Ohio State.

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V2-SM_ch 07 - CHAPTER 7 CORPORATIONS: REORGANIZATIONS...

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