Identify Which of the Following Statements Is True

question 61

Multiple Choice

Identify which of the following statements is true.

• A)Depreciation recapture rules do not override the nonrecognition of gain or loss rules.
• B)The acquisition of liabilities by an acquiring corporation will trigger a gain.
• C)A target corporation will recognize a gain when it distributes stock to its shareholders.
• D)The basis of property acquired in a reorganization is its FMV.

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Definitions:

Constant Over Time

Refers to a variable or a condition that does not change as time progresses, remaining stable in both the short term and the long term.

Bureau of Labor Statistics

A U.S. government agency responsible for collecting and analyzing labor economics and statistics.

Current Population Survey

A monthly survey of households conducted by the Bureau of Census for the Bureau of Labor Statistics to gather employment and unemployment data.

Adult Population

The segment of the population that is considered to be of working age and is often analyzed in economic studies for labor force and unemployment statistics.