Identify Which of the Following Statements Is False

question 84

Multiple Choice

Identify which of the following statements is false.

• A)A taxable acquisition of the assets of a target corporation that is subsequently liquidated, results in a loss of the target corporation's tax attributes.
• B)A taxable acquisition of the assets of a target corporation, that is subsequently liquidated, results in the target corporation's shareholders recognizing gain or loss on the surrender of their target stock.
• C)An acquiring corporation in a tax-free or a taxable acquisition transaction does not recognize gain or loss when its stock is issued in exchange for property.
• D)An acquiring corporation in a taxable acquisition transaction must acquire all of the assets and liabilities of the target corporation.

---

Definitions:

ICD-9-CM

International Classification of Diseases, Ninth Revision, Clinical Modification; a system used in the United States for classifying diagnoses and procedures associated with hospital utilization.

ICD-10-CM

The International Classification of Diseases, Tenth Revision, Clinical Modification, a system used for coding diagnoses, symptoms, and procedures in healthcare settings.

Total Of 3-7 Characters

A specification often related to password creation or data entry, indicating a required or maximum character count range.

ICD-9-CM

International Classification of Diseases, Ninth Revision, Clinical Modification; a medical classification list for coding diseases, symptoms, and procedures.