Identify Which of the Following Statements Is True

question 61

Multiple Choice

Identify which of the following statements is true.

• A)Depreciation recapture rules do not override the nonrecognition of gain or loss rules.
• B)The acquisition of liabilities by an acquiring corporation will trigger a gain.
• C)A target corporation will recognize a gain when it distributes stock to its shareholders.
• D)The basis of property acquired in a reorganization is its FMV.

---

Definitions:

Massage Therapy

The manipulation of soft body tissues to enhance a person's health and well-being.

Positive Psychology

A branch of psychology focused on the study of positive human functioning and the factors that contribute to a fulfilling life and flourishing individuals.

Human Strengths

The inherent positive qualities and capabilities of individuals, including emotional, psychological, and social aspects.

Social Ecology

A framework suggesting that social, institutional, and environmental issues are interconnected, emphasizing the need for holistic solutions to ecological and social problems.