Which of the following statements is correct with respect to the § 338 election? a. None of the above. b. The parent recognizes no gain (loss) as a result of the election. c. Gain, but not loss, is recognized by the subsidiary as a result of a deemed sale of its assets. d. A qualified stock purchase occurs when a corporation acquires, in a taxable transaction, at least 80% of the stock (voting power and value) of another corporation within an18-month period. e. The subsidiary corporation makes the § 338 election.

I have no clue to be honest but if I had to guess, I would say B or D but not sure. I think I have had this question before but I could not find it so if it is wrong don't come for me I am not sure!!!

Explanation:

answer: intercourse

hope this

hygrometers and hair thermometers (often found as part of hygrometers/psychrometers) can be used to measure humidity. barometers are used to measure atmospheric pressure, while anemometers are used to measure wind speed. so the 2nd and 4th choices should be the correct answers.