Which of the following statements is correct with respect to a partial liquidation? The genuine contraction of a corporate business requirement is an objective test that taxpayers can rely upon with certainty. The distribution of proceeds from the sale of excess inventory to shareholders in exchange for part of their stock will not satisfy the not essentially equivalent to a dividend test. A stock redemption pursuant to a partial liquidation cannot be pro rata with respect to the shareholders. The termination of a business test requires that the distributing corporation actively conducted at least three trades or businesses for at least five years. None of the above.

The distribution of proceeds from the sale of excess inventory to shareholders in exchange for part of their stock will not satisfy the not essentially equivalent to a dividend test.

Explanation:

Which of the following statements is correct with respect to a partial liquidation?The distribution of proceeds from the sale of excess inventory to shareholders in exchange for part of their stock will not satisfy the not essentially equivalent to a dividend test.

you have to put the parentheses like this:

in fact, you have to perform the operation inside parentheses first, and then proceed in order:

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;