When the Sale of a Business Involves the Sale of Assets

question 1

Multiple Choice

When the sale of a business involves the sale of assets rather than the sale of shares, which of the following is false?

• A)The corporation will continue to exist following the sale of the assets.
• B)If the proper conditions are met, the vendor may be able to use the capital gain exemption on the sale of the shares.
• C)The vendor may be left with assets that might be difficult to sell.
• D)The sale of the assets may result in capital gains and business income for the corporation.

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Definitions:

Philosophers

Thinkers who engage in critical study, analysis, and the synthesis of ideas about fundamental questions like existence, knowledge, values, reason, mind, and language.

Frameworks

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Western Metaphysics

A branch of philosophy that explores the fundamental nature of reality, including concepts such as existence, objects and their properties, space and time, cause and effect, and possibility.

Basic Reality

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