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:

Apprenticeship Program

A structured training program combining on-the-job training and classroom learning to equip individuals with specific skill sets for certain occupations.

Off-the-job Training

Training that takes place away from the primary work environment, often in a classroom setting, to develop skills and knowledge applicable to an employee's job.

Instruction and Training

Activities designed to enhance the skills and knowledge of employees, often related to their specific job functions.

Internship Program

A structured work experience related to a student's major or career goal, offering practical experience and providing the opportunity to gain exposure to one's field of interest.