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:

Low-Task

Pertaining to activities or jobs that require minimal cognitive or physical effort, often monotonous or repetitive in nature.

High-Relationship

characterized by or indicating a significant, often emotional, connection or interaction between individuals or entities.

Leadership Style

The manner and approach of providing direction, implementing plans, and motivating people by a leader.

High-Task

Activities or jobs that require a significant level of effort, skill, or complexity.