In a Complete Liquidation of a Corporation, Which of the Following

question 47

Multiple Choice

In a complete liquidation of a corporation, which of the following is false?

• A)All stock of the liquidating corporation is canceled or redeemed.
• B)The corporation ceases to be a going concern.
• C)The corporation divests itself of substantially all its properties.
• D)The liquidation of a corporation means it has undergone dissolution.

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Definitions:

Collectivism

The belief that people should prioritize the good of society above the advancement of the individual.

Circadian Rhythm

A natural, internal process that regulates the sleep-wake cycle and repeats roughly every 24 hours.

Political Ideology

A set of principles, ideas, and doctrines used to organize and administer social order.

Sexual Orientation

An inherent or immutable enduring emotional, romantic, or sexual attraction to other people.