S transfers land to a new corporation for stock.The corporation plans to issue 1,000 shares of voting common stock and 500 shares of nonvoting preferred stock.Common stock notwithstanding, the minimum number of preferred shares that S must receive to be in control is

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The Answer of S transfers land to a new corporation for stock.The corporation plans to issue 1,000 shares of voting common stock and 500 shares of nonvoting preferred stock.Common stock notwithstanding, the minimum number of preferred shares that S must receive to be in control is

S Transfers Land to a New Corporation for Stock