Which of the Following Statements Does Not Describe a Requirement

question 120

Multiple Choice

Which of the following statements does not describe a requirement that must be met in a tax-deferred forward triangular merger?

• A)The 40 percent continuity of interest test must be met with respect to the stock transferred from the acquisition corporation to the target corporation shareholders.
• B)The acquirer must hold substantially all of the target corporation's properties after the merger.
• C)The continuity of business enterprise test must be met with respect to the target corporation.
• D)The target corporation shareholders must receive voting stock in the acquiring corporation.

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Definitions:

Retroviruses

A type of virus that inserts a copy of its RNA genome into the DNA of the host cell it infects, changing the host's genome.

DNA Polymerase

An enzyme that synthesizes DNA molecules from deoxyribonucleotides, the building blocks of DNA, playing a critical role in DNA replication and repair.

Fimbriae

Hairlike structures that project from the cell surface of some prokaryotes; help bacteria to adhere to one another and to attach to the surfaces of cells they infect.

Capsids

Protein shells that encase the genetic material of a virus, protecting it and aiding in its transmission.