Match the Following Items with the Statements Below

question 20

Short Answer

Match the following items with the statements below. Terms may be used more than once.
a.Capital gain
b.Continuity of business enterprise
c.Continuity of interest
d.Dividend
e.Equity change
f.Liability assumption
g.Ordinary gain
h.Ownership change
i.Not recognized
j.Sound business purpose
k.Step transaction
-May cause a gain in a "Type C" reorganization if the acquiring corporation in addition to its voting stock transfers cash.

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Definitions:

Imperial Presidency

A term used to describe a U.S. presidency that is characterized by greater power than the Constitution allows, often involving unilateral action and limited oversight.

Containment Doctrine

A foreign policy strategy aimed at preventing the spread of communism, especially during the Cold War, associated with the United States.

Swann v. Charlotte-Mecklenburg

A landmark Supreme Court decision in 1971 that upheld busing as a legitimate means to achieve desegregation in public schools.

De Facto Segregation

Racial segregation occurring without the sanction of law, instead stemming from social, economic, and institutional factors.