Identify Which of the Following Statements Is False

question 84

Multiple Choice

Identify which of the following statements is false.

• A)A taxable acquisition of the assets of a target corporation that is subsequently liquidated, results in a loss of the target corporation's tax attributes.
• B)A taxable acquisition of the assets of a target corporation, that is subsequently liquidated, results in the target corporation's shareholders recognizing gain or loss on the surrender of their target stock.
• C)An acquiring corporation in a tax-free or a taxable acquisition transaction does not recognize gain or loss when its stock is issued in exchange for property.
• D)An acquiring corporation in a taxable acquisition transaction must acquire all of the assets and liabilities of the target corporation.

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Definitions:

Mediation

A method of outside resolution of labor and management differences in which the third party’s role is to suggest or propose a solution to the problem.

Conciliation

A method of outside resolution of labor and management differences in which a third party is brought in to keep the two sides talking.

Suggest

To propose or put forward for consideration an idea, plan, or action.