The Internal Revenue Code Includes Which of the Following Assets

question 79

Multiple Choice

The Internal Revenue Code includes which of the following assets in the definition of Sec. 751 properties?

• A)inventory, which is substantially appreciated
• B)cash
• C)capital assets
• D)Sec. 1231 assets

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Definitions:

Angel Investor

A well-off individual who invests in a start-up, commonly in return for a stake in equity or convertible debt.

Due Diligence

An investigation, audit, or review performed to confirm the facts of a matter under consideration, commonly used in business for verifying financial records before entering into a proposed transaction.

Exit Plan

A strategic plan developed by business owners and investors to sell their stake in a company to realize their investment's value.

American Research and Development

One of the early American venture capital firms, ARD is known for its investment in companies such as Digital Equipment Corporation.