Both the acquisition and disposition

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Reference no: EM13751952

On January 1, 2009, USAco, a domestic corporation, acquires £10,000. On January 15, 2009, USAco uses the £10,000 to purchase inventory. USAco has a Code Sec. 988 transaction from:

1. the acquisition of the £10,000.

2. the disposition of the £10,000.

3. both the acquisition and disposition of the £10,000.

4. neither the acquisition nor the disposition of £10,000.

Reference no: EM13751952

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