Identify Which of the Following Statements Is True

question 38

Multiple Choice

Identify which of the following statements is true.

• A)When the acquiring corporation makes the Sec. 338 election, the target corporation is treated in many respects as a new corporation.
• B)A Sec. 338 election requires the adoption of the old target corporation's tax year by the new target corporation.
• C)Tax attributes of the target corporation are not lost when a Sec. 338 deemed liquidation election is made.
• D)All of the above are false.

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Definitions:

Aggressive Behaviour

Actions intended to harm or cause discomfort to another, driven by various factors including environmental, biological, and psychological.

Physical Punishment

The use of physical force with the intention of causing a child to experience pain, but not injury, for the purpose of correction or control.

Operant Behaviour

A type of learning where behavior is controlled by consequences (reinforcements or punishments).

Conditional Response

A learned response to a previously neutral stimulus that becomes conditioned through association with an unconditioned stimulus.