The Term Grossed-Up Basis
A)Refers to Adjustment of the Deemed

The term grossed-up basis

A) Refers to adjustment of the deemed price of a subsidiary corporation for a minority interest when a parent corporation owns less than 100 percent of the subsidiary and elects § 338.
B) Is obtained by the following formula:
$$\begin{array} { c } \text { Grossed-up } \\\text { basis }\end{array} = \begin{array} { c } \text { Parent corporation's } \\\text { basis in subsidiary's } \\\text { stock on the acquisition date }\end{array} \times \frac { \begin{array} { c } \% \text { of subsidiary's } \\\text { stock held by parent } \\\text { on the acquisition date }\end{array} } { 100 \% }$$
C) Requires that the parent corporation purchase at least 90 percent of the subsidiary's stock (except nonvoting, nonparticipating, preferred stock) .
D) Is described by all of the above.