Which one of the following is a corporate reorganization as defined in the Inter

Question

Which one of the following is a corporate reorganization as defined in the Internal Revenue Code? A. Change in inventory costing method from FIFO to LIFO. B. Change in depreciation method from accelerated to straight-line. C. Mere change in place of organization of one corporation. D. Stock redemption. Which one of the following is a corporate reorganization as defined in the Internal Revenue Code? A. Change in inventory costing method from FIFO to LIFO. B. Change in depreciation method from accelerated to straight-line. C. Mere change in place of organization of one corporation. D. Stock redemption.

Explanation / Answer

Ans C) Mere change in place of organization of one corporation.

Under Section 368 of INternal Revenue Code there are 7 types of reorganization, out of which one is Mere change in place of organization of one corporation.

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