Which of the Following Is Not True of a Forward

question 55

Multiple Choice

Which of the following is not true of a forward triangular cash merger?

• A) It is considered by the IRS as a purchase of target assets.
• B) It is generally followed by a liquidation of the target firm.
• C) Target shareholders must recognize a gain or loss as if they had sold their shares.
• D) The target's tax attributes carry over to the buyer.
• E) Taxes are paid by the target firm on any gain on the sale of its assets and again by shareholders who receive a liquidating dividend.

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Definitions:

Occupational Fields

Various categories of professions or work areas, each with a specific focus and required skillset.

Resistant

Having the capacity to withstand or oppose a particular force, substance, or treatment.

The Military

Refers to the armed forces of a country, responsible for defending it from threats and conducting warfare.

Heterosexism

is an ideological system that denies, denigrates, and stigmatizes any non-heterosexual form of behavior, identity, relationship, or community.