Match the Following Items with the Statements That Follow

question 88

Multiple Choice

Match the following items with the statements that follow. Terms may be used more than once.
-BarkCo and WoodCo contribute all of their assets to Tree Corporation in exchange for all of Tree's stock. BarkCo and WoodCo distribute the Tree stock to their shareholders in exchange for their stock in BarkCo and WoodCo. The exchange completes the liquidation of BarkCo and WoodCo and each ceases to exist.

• A)Boot
• B)Business credits
• C)Capital gain
• D)Continuity of business enterprise
• E)Continuity of interest
• F)Dividend
• G)Discount rate
• H)Earnings and profits
• I)Federal long-term tax-exempt rate
• J)Liability assumption
• K)Ordinary gain
• L)Ownership change
• M)Section 382 limitation
• N)Sound business purpose
• O)Step transaction

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Definitions:

Impression Management

The process by which individuals attempt to control or manipulate the perceptions others have of them, often to appear more favorable or competent.

Personal Characteristics

Are the traits, attributes, or qualities that define an individual’s distinct personality and behavioral tendencies.

Message Content

The actual information or meaning conveyed in a communication act.

Inoculation Effect

A psychological phenomenon where exposure to a weakened form of an argument increases later resistance to that argument.