A Liquidated Corporation Will Always Recognize Gain in a Complete

question 32

True/False

A liquidated corporation will always recognize gain in a complete liquidation.

---

Definitions:

Elasticities

A measure of how much the quantity demanded or supplied of a good responds to a change in one of its determinants, such as price or income.

Total Sales

The aggregate revenue received from selling goods or services over a given period of time.

Complement

A good or service that is used together with another, where the use or consumption of one increases the value or demand of the other.

Inter-relatedness

The condition or fact of being connected and having reciprocal effects or influences among components or variables.