ACCT 560 Week 4 Homework Assignment

ACCT 560 Week 4 Homework Assignment

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Week 4 Homework

17-53 and 54 on page 17-41

Problem 17-53

53.Comprehensive Problem.Determine whether the following transactions qualify as Type C reorganizations:

a.The acquisition of all assets and liabilities of Bark Inc. by Ark Inc. for 20 percent of Ark’s voting preferred stock.

Problem 17-54

54.Comprehensive Problem.Label the following transactions:

a.A Nevada corporation formed a corporation in Florida and transferred all assets to it for 100 percent of its stock. It then distributed the stock to its shareholders in cancellation of their Nevada corporation stock and was dissolved.

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