Match the Following Items with the Statements Below

question 109

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
-The face amount of the bond received in a qualified reorganization is greater than the face amount of the bond exchanged.

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