Identify Which of the Following Statements Is True

question 90

Multiple Choice

Identify which of the following statements is true.

• A)The acquired corporation in a Type C reorganization may retain its corporation charter.
• B)Alpha Corporation acquires 100% of the assets of Beta Corporation in exchange for $75,000 of Alpha stock and $25,000 in cash. Beta is subsequently liquidated. This exchange qualifies as a Type C reorganization.
• C)Alpha Corporation acquires 100% of the assets of Beta Corporation in exchange for $75,000 of Alpha stock and the assumption of $25,000 of Beta liabilities. Beta is subsequently liquidated. This exchange does not qualify as a Type C reorganization.
• D)All of the above are false.

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Definitions:

Pure Hypothetical

A speculative assumption or scenario, often used in reasoning, that is not grounded in known facts or current reality.

Categorical Syllogism

A form of reasoning consisting of three propositions: a major premise, a minor premise, and a conclusion, each of which may be categorized by being either affirmative or negative.

Fallacy

A mistaken belief or an error in reasoning, often resulting in invalid or misleading arguments.

Affirming Consequent

A logical fallacy where a conclusion is incorrectly inferred solely based on the truth of its consequent, despite lacking sufficient evidence.