Solutions Chapter 7

Topics: Corporation, Net present value, Bond Pages: 22 (7531 words) Published: November 8, 2014


CHAPTER 7

CORPORATIONS: REORGANIZATIONS

SOLUTIONS TO PROBLEM MATERIALS

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1LO 1IRS Letter RulingUnchanged1
2LO 1Reorganizations follow tax lawUnchanged2
3LO 1Types of reorganizationsUnchanged3
4LO 2Comparing like-kind exchange to corporateNew
reorganization
5LO 2Four-column templateUnchanged5
6LO 1, 2, 3Reorganization: tax attributes Unchanged6
7LO 3“Type A” merger “Type A” consolidationNew
8LO 3“Type B” reorganizationNew
9LO 3“Type A” and “Type C” reorganizationsUnchanged9
10LO 3“Type C” reorganizationsNew
11LO 3“Type D” reorganizationsUnchanged 11
12LO 3“Type E” reorganizationNew
13LO 3“Type F” reorganizationUnchanged 13
14LO 3“Type G” reorganizationUnchanged 14
15LO 4Judicial doctrinesUnchanged15
16LO 4Judicial doctrinesUnchanged16
17LO 3, 4“Type D” reorganizations and stepUnchanged17
transaction doctrine
18LO 5Exceptions to § 381 limitationNew
19LO 5Problematic assumptions of liabilitiesUnchanged 19
20LO 5Owner and equity shiftsUnchanged 20
21LO 5Formulas for § 382 limitationUnchanged21
22LO 5Excess credit § 382 limitation computationUnchanged22
23LO 5E & P carried to successorUnchanged23
24LO 5, 6Net present value of NOLUnchanged24
25LO 5, 6Net present value of business creditsUnchanged25
26LO 3Classify as to type of reorganization Unchanged26
27LO 2Gain taxable as stock redemptionUnchanged27
28LO 2Character of bondholder gainUnchanged28
29LO 2Reorganization gain, loss, and basis Unchanged29
determination
30LO 2, 3Stocks and bonds received in a “Type E”Unchanged30
reorganization

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31LO 2Gain recognition and basis computation Unchanged31
32LO 2Loss recognition and basis computationUnchanged32
33LO 2, 3Boot with liabilityUnchanged33
34LO 3Classify type of reorganizationUnchanged34
35LO 3, 6Structuring a “Type B” or “Type C”Unchanged35
reorganization
36LO 3, 6Comparison of “Type A”, “Type C,” andUnchanged36
acquisitive “Type D” reorganizations
37LO 3, 6“Type B” reorganizationUnchanged37
38LO 3, 6“Type C” reorganizationUnchanged38
39LO 3, 6“Type D” reorganizationUnchanged39
40LO 3Acquisitive “Type D” reorganizationUnchanged40
41LO 2, 3 “Type E” reorganizationUnchanged41
42LO 3“Type F” reorganizationUnchanged42
43LO 3“Type G” reorganizationUnchanged43
44LO 3, 4Sound business purpose and continuity ofUnchanged44
business
45LO 4Continuity of interest and step transactionUnchanged45
46LO 5Capital loss carryover and “Type B”Unchanged46
reorganization
47LO 5NOL change year when no § 382 limitationUnchanged47
48LO 3, 5NOL carryover and § 382 limitationUnchanged48
49LO 5“Type E” reorganization and net presentUnchanged49
value
50LO 5Carryover of NOL: net present valueUnchanged50
51LO 5Net present value of acquired NOLUnchanged51
52LO 5Carryover of capital loss and excess creditsUnchanged52
53LO 5Business credits and net present valueUnchanged53
54LO 5Stock valuation and net present valueUnchanged54
55LO 3Present value of D reorganizationUnchanged55

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1“Type B” reorganization with bond exchangeUnchanged1
2“Type G” reorganizationUnchanged2
3Reverse triangular “Type A” reorganizationUnchanged3
4Treatment of reorganization costsUnchanged4
5Internet activity...
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