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Other Fields Homework Help Accounting Topic started by: safezone on Feb 14, 2017



Title: Family Corporation, a corporation controlled by Buddy's family, redeems all of Buddy's stock. For ...
Post by: safezone on Feb 14, 2017
Family Corporation, a corporation controlled by Buddy's family, redeems all of Buddy's stock. For the redemption to be treated as a sale, which one of the following conditions must be met?
A) Buddy cannot be a creditor of the corporation after the redemption.
B) Buddy cannot be an officer of the corporation after the redemption.
C) Buddy cannot acquire an interest, even by inheritance, for 10 years unless the bequest was made prior to the redemption.
D) Buddy must have purchased the redeemed stock from a person whose stock ownership would be attributed to Buddy.


Title: Re: Family Corporation, a corporation controlled by Buddy's family, redeems all of Buddy's stock. ...
Post by: Rimoun on Feb 14, 2017
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Title: Re: Family Corporation, a corporation controlled by Buddy's family, redeems all of Buddy's stock. ...
Post by: Vince Tan on Oct 7, 2019
thank you


Title: Re: Family Corporation, a corporation controlled by Buddy's family, redeems all of Buddy's stock. ...
Post by: Khaled Kais on Nov 16, 2019
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