The subsidiary has a net operating loss carryover of 400000, Ask an Expert

Accounting

A subsidiary is liquidated pursuant to § 332. The parent has held 100% of the stock in the subsidiary for the past ten years. The subsidiary has a net operating loss carryover of $400,000 generated four years ago. The parent acquires the net operating loss carryover.

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Accounting Basics, Accounting

Category:- Accounting Basics
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