Which of the Following Statements Is Incorrect

question 99

Multiple Choice

Which of the following statements is incorrect?

• A) The purchase of an unincorporated sole proprietorship is always treated as the purchase of its assets.
• B) A taxpayer purchasing a corporation in which the assets are appreciated would prefer to purchase the stock of the corporation.
• C) The purchase of a corporation is always treated as the purchase of the corporate stock.
• D) Only a. and b. are correct.
• E) a., b., and c. are correct.

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Definitions:

Signature

A person's handwritten or electronically authenticated mark, symbol, or any other form of identification used to signify agreement or authorization.

Complaint

A complaint is a formal legal document filed in a court that initiates a lawsuit, stating the facts and legal reasons that the filing party believes are sufficient to support a claim against the party being sued.

Signature

A person's name written in a distinctive way as a form of identification in authorizing a document.

Statement

A clear and concise expression of facts, opinions, or observations.