Which of the Following Principles Does Not Need to Be

question 17

Multiple Choice

Which of the following principles does not need to be satisfied for an acquisition to be a tax-deferred reorganization?

• A)Continuity of interest
• B)Continuity of purpose
• C)Business purpose
• D)Continuity of business enterprise

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Definitions:

Neuron Cell Bodies

The part of a neuron that contains the nucleus and most of the cytoplasm and where the metabolic work of the cell is carried out.

Cerebral Cortex

The outer layer of neural tissue of the cerebrum of the brain, involved in many complex brain functions including memory, attention, perceptual awareness, thought, language, and consciousness.

Somatic Motor Nervous System

A part of the peripheral nervous system that transmits signals from the central nervous system to skeletal muscles, controlling voluntary movements.

Autonomic Nervous System

The part of the nervous system that Controls involuntary actions of the smooth muscles and heart and glands.