Atkon Corporation Acquired 90% of the Stock of Beta Corporation

question 96

Multiple Choice

Atkon Corporation acquired 90% of the stock of Beta Corporation three years ago.Both corporations are located in the United States.Beta has been an energy drink producer,but unfortunately has suffered substantial losses due to government fines and lawsuits.All of its revenues had been from the sales of the energy drinks.Beta has now filed for bankruptcy and is closing the business with no assets remaining for shareholders.Atkon Corporation will recognize

• A)a long-term capital loss.
• B)a short-term capital loss.
• C)an ordinary loss.
• D)no gain or loss.

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Definitions:

Clinical Trials

Research studies performed in people that are aimed at evaluating a medical, surgical, or behavioral intervention.

Risk Factor Approach

A method focusing on identifying and mitigating elements that increase the likelihood of developing diseases or injuries.

Community Trials

Studies that test the effectiveness of interventions on large groups or communities rather than individual participants to determine community-wide effects.

Researcher Bias

A form of bias that occurs when the preferences, beliefs, or prejudices of a researcher influence the conduct of research or interpretation of its results.