Identify Which of the Following Statements Is True

question 90

Multiple Choice

Identify which of the following statements is true.

• A)The acquired corporation in a Type C reorganization may retain its corporation charter.
• B)Alpha Corporation acquires 100% of the assets of Beta Corporation in exchange for $75,000 of Alpha stock and $25,000 in cash. Beta is subsequently liquidated. This exchange qualifies as a Type C reorganization.
• C)Alpha Corporation acquires 100% of the assets of Beta Corporation in exchange for $75,000 of Alpha stock and the assumption of $25,000 of Beta liabilities. Beta is subsequently liquidated. This exchange does not qualify as a Type C reorganization.
• D)All of the above are false.

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Definitions:

Population Increase

The growth in the number of people living in a particular area, region, or country, often measured by percentage change over time.

Hollywood Film Industry

A major sector of the U.S. entertainment industry, centered in Hollywood, California, known globally for producing a wide range of movies across various genres.

Chronic Unemployment

A prolonged situation where an individual remains unemployed for an extended period, often leading to significant personal and economic consequences.

Deindustrialization

The decline of industrial activity in a region or economy, typically resulting in widespread factory closures, job losses, and economic shifts.