SOS Corporation has 200 shares of outstanding stock (one class of voting common), which are owned by three unrelated individuals as follows: A owns 120 shares, B owns 60 shares, and C owns 20 shares.During the year, SOS has redeemed a portion of A's shares for $20,000.In order for the redemption to qualify for sale treatment the lowest number of shares that SOS must redeem must exceed

Question

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For the redemption to qualify for sale treatment, A must own less than 50% of the remaining shares. After redeeming 46 shares, A would own 74 shares out of 154 remaining shares, which is less than 50%.

SOS Corporation Has 200 Shares of Outstanding Stock (One Class