Question;On July 20, 2012, Lilac Corporation purchased 25%of the Coffee Corporation stock outstanding. Lilac Corporation purchased an additional 40%of the stock in Coffee on March 22, 2013, and an additional 20%on May 2, 2013.On September 23, 2013, Lilac Corporation purchased the remaining 15% of Coffee Corporation stock outstanding. For purposes of the ?338 election, on what date does a qualified stock purchase occur? What is the due date for making the?338 election?
Paper#43142 | Written in 18-Jul-2015Price : $19