Identify Which of the Following Statements Is True

question 99

Multiple Choice

Identify which of the following statements is true.

• A)In a tax-free reorganization, the acquiring corporation's holding period for the acquired properties includes the period of time the target corporation held the properties.
• B)In a tax-free reorganization, if the acquiring corporation uses nonmonetary boot property, gains or losses will be recognized by the acquiring corporation.
• C)The receipt of cash by a shareholder results in the recognition of all of his or her realized gain even if the transaction qualifies as a tax-free reorganization.
• D)All of the above are false.

---

Definitions:

Slow-To-Warm-Up

This term describes a temperament in children who tend to be cautious in new situations or with unfamiliar people, taking longer to adapt but eventually becoming comfortable.

Difficult Baby

A term in developmental psychology referring to infants with challenging temperaments, often characterized by intense emotions, high activity levels, and irregular routines.

Autonomous Beings

Individuals or entities capable of making independent decisions and governing themselves, often associated with concepts of free will and self-determination.

Culture

The sum of attitudes, customs, beliefs, and social behaviors of a particular group of people or society.