Section 338 Election Corporate Liquidation | Corporate Income Tax Course | CPA Exam REG

[@anupambarua]

Question says Auk Corp. paid $1.2 million to buy Amazon's all stocks. But here in example says, Auk Corp. paid $1,306,329 to Amazon. $1.2 million vs. $1,306,329 purchasing price - I am NOT clear. Rest all I understood. Thank you for your video.